हिंदी

Mahakali Co. Ltd. Chandrapur Issued 1,000, 12% Debentures Of Rs.100 Each, Payable Rs. 20 on Application and the Balance on Allotment.

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प्रश्न

Mahakali Co. Ltd. Chandrapur issued 1,000, 12% debentures of  Rs.100 each, payable Rs. 20 on application and the balance on allotment. Applications were received for 1,500 debentures, out of which, applications for 900 were allotted fully, applications for 400 were allotted 100 debentures and remaining were rejected. All dues received.
Journalise the transactions and also show Balance Sheet.
रोजनामा प्रविष्टि
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उत्तर

                                                                                Journal

Date Particulars L.F. DebitAmount(Rs) CreditAmount(Rs)
 

Bank A/c (1,500 × 20)

To 12% Debenture Application A/c

(Application money received)

Dr.

 

 

 

30,000

 

 

 

30,000

 

 

Debenture Application A/c

To 12% Debentures A/c (1,000 × 20)

To Bank A/c (500 × 20)

 (Application money transferred to 12% Debentures A/c)

Dr.

 

 

 

 

 

 

30,000

 

 

 

 

20,000

10,000

 

 

Debenture Allotment A/c ( 900 × 80)

To 12% Debentures A/c

(Allotment money due)

Dr.

 

 

 

72,000

 

 

 

72,000

 

 

Bank A/c

To Debenture Allotment A/c

(Allotment money received)

Dr.

 

 

 

72,000

 

 

 

72,000

 


Mahakali Co. Ltd.
Balance Sheet 
Particulars Note No. Amount (Rs)
I. Equity and Liabilities    
Non-current liabilities    
Long-term borrowings   102,000
II. Assets    
Current assets    
Cash and cash equivalents   102,000

Notes to Accounts :

Particulars Amount (Rs)
1. Long-term borrowings
1,000, 12% Debentures of Rs 100 each
102,000
2. Cash and cash equivalents
Cash at bank
102,000
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2015-2016 (July)

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संबंधित प्रश्न

Give the meaning of Debenture?


Give any one advantage for the redemption of debentures by purchase in the open market?


_______ is an acknowledgement of debt under common seal of a company.


Answer in a sentence only.
What do you mean by Bearer Debenture?


Answer in a sentence only.
What is meant by ‘Mortgaged Debenture’?


Answer in a sentence only.
What is meant by redemption of Debentures?


Answer in a sentence only.
What is meant by ‘Irredeemable Debentures?


Write one word/term/phrase which can substitute the following
The acknowledgment of debt under common seal of company.


Write one word/term/phrase which can substitute the following
The debentures of which payment is made on the expiry of specific period.


Write one word/term/phrase which can substitute the following
The debentures which are not converted into shares.


Select most appropriate alternative from those given below
__________ is acknowledgment of debt under common seal of company.


Select most appropriate alternative from those given below ____________debentures which are recorded in register of company.


Select most appropriate alternative from those given below :
The debentures which are converted into shares is called____________.


State to whether the following statement is True/False.
The debenture holder is owner of the company.


State to whether the following statement is True/False.
The acknowledgement of debt under common seal of company in termed as share.


State to whether the following statement is True/False.
The amount of irredeemable debentures is not paid in the life time of the company.


State to whether the following statement is True/False.
Unsecured debentures are safer than secured debentures.


Write a word / term / phrase as a substitute of the following statement.
The acknowledgement of debt under common seal of company.


Give the word / term or phrase which can substitute the following statement.

The debentures which are converted into shares.


Answer the question.
Explain any five types of debentures through which a company can collect borrowed capital from the public.


Write Short Note on Secured Debentures


State any four disadvantages of debentures. 


Match the items given in Column I with the headings/subheadings (Balance sheet) as defined in Schedule III of Companies Act 2013.

  Column I   Column II
(I) Loose Tools (a) Intangible fixed assets
(II) Patents (b) Other current assets
(III) Prepaid insurance (c) Long term Borrowings
(IV) Debentures (d) Inventories
(V) Machinery (e) Tangible Fixed assets/Property, Plant and Equipment

Choose the correct option:


A Debenture issued by a company by creating a fixed or a floating charge on the company's assets is known as ______.


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