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प्रश्न
Journalise the following transaction at the time of issue of 12% Debentures:
Nandan Ltd. issued ₹90,000, 12% Debentures of ₹ 100 each at a discount of 5% redeemable at 110%.
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उत्तर
Journal
|
Date |
Particulars |
L.F. |
Debit Amount (₹) |
Credit Amount (₹) |
|
|
|
Bank A/c |
Dr. |
85,500 |
|
|
| To Debenture Application and Allotment A/c |
|
|
85,500 |
||
| (Money received on the issue of debentures) |
|
|
|
||
|
|
|
|
|||
| Debenture Application and Allotment A/c |
Dr. |
85,500 |
|
||
| Loss on Issue of Debentures A/c |
Dr. |
13,500 |
|
||
| To 12% Debentures A/c |
|
|
90,000 |
||
| To Premium on Redemption of Debentures A/c |
|
|
9,000 |
||
| (Debenture application and allotment money transferred to Debentures A/c) |
|
|
|
||
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संबंधित प्रश्न
Short Answer Question
State the meaning of ‘Debentures issued as a Collateral Security.
Long Answer Question
How is ‘Discount on Issue of Debentures’ treated in the books of accounts? How will you deal with the ‘discount in issue of debentures’ when the debentures are to be redeemed in instalments?
X Ltd . issued 12,000; 8% Debentures of ₹ 100 each at a discount of 5% payable as 25% on application;20% on allotment and balance after three months.
Pass Journal entries.
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Pass necessary Journal entries for the issue of debentures in the following cases:
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Pass the journal entry.
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Pass the Journal entries for issue of debentures and writing off the discount.
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On 1st April, 2017, Solar Power Ltd. issued 10,000, 8% Debentures of ₹ 100 each at a discount of 5% redeemable at a premium of 15% at the end of five years. All the debentures were subscribed and allotment was made. The company had balance in Securities Premium Reserve of ₹ 80,000.
Prepare the Balance Sheet (extract) as at 31st March, 2018.
Fill in the blank.
For recording the issue of debentures as collateral security by a journal entry _______ account is debited.
Which of the following situations are commonly found in practice during the issue and redemption of debentures?
Which of the following is true with regard to 10% Debentures issued at a discount of 20%?
Debentures are considered as ______ equity.
Interest on Debentures is a charge against ______.
Debenture premium cannot be used to ______.
Premium received on issue of debentures may be utilised for:
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