The company purchased plant with a book value of ₹1,90,000 from National Victory Company and agreed to pay via issuing 2000, 10% Debentures of ₹100 each at a discount of 5%. Amount that will be credited to 10% Debenture A/c will be:

₹200000

Plant A/c         Dr.                   ₹190000
    To National Victory Co.                     ₹190000

National Victory Co.     Dr        ₹190000
Discount on issue         Dr       ₹10000
          To 10% debentures A/c                 ₹200000