Page 48 - 23. COMPILER QB - IND AS 109_32

Date Particulars Debit Credit
(Being compulsorily convertible preference
shares issued. The same are divided into
equity component and liability component as
per the calculation)
31-Mar-2018 Preference shares A/c Dr. 9,00,000
To Bank A/c 9,00,000
(Being dividend at the coupon rate of 10%
paid to the shareholders)

31-Mar-2018 Finance cost A/c Dr. 4,68,909
To Preference Shares A/c 4,68,909
(Being interest as per EIR method recorded)
31-Mar-2019 Preference shares A/c Dr. 9,00,000
To Bank A/c 9,00,000
(Being dividend at the coupon rate of 10%
paid to the shareholders)
31-Mar-2019 Finance cost A/c Dr. 4,00,538
To Preference Shares A/c 4,00,538
(Being interest as per EIR method recorded)
31-Mar-2020 Preference shares A/c Dr. 9,00,000
To Bank A/c 9,00,000
(Being dividend at the coupon rate of 10%
paid to the shareholders)
31-Mar-2020 Finance cost A/c Dr. 3,21,323
To Preference Shares A/c 3,21,323
(Being interest as per EIR method recorded)
31-Mar-2021 Preference shares A/c Dr. 9,00,000
To Bank A/c 9,00,000
(Being dividend at the coupon rate of 10%
paid to the shareholders)

31-Mar-2021 Finance cost A/c Dr. 2,29,545
To Preference Shares A/c 2,29,545
(Being interest as per EIR method recorded)
31-Mar-2022 Preference shares A/c Dr. 9,00,000
To Bank A/c 9,00,000
(Being dividend at the coupon rate of 10%
paid to the shareholders)
31-Mar-2022 Finance cost A/c Dr. 1,23,133
To Preference Shares A/c 1,23,133
(Being interest as per EIR method recorded)
31-Mar-2022 Equity Component of Preference shares A/c 58,63,448
Dr.
To Equity Share Capital A/c 1,25,000
To Securities Premium A/c 57,38,448

23. 47