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प्रश्न
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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 |
APPEARS IN
संबंधित प्रश्न
The debentures which are convertible into shares.
On 1st April 2014, KK Ltd. invited applications for issuing 5,000 10% debentures of Rs 1,000 each at a discount of 6%. These debentures were repayable at the end of the 3rd year at a premium of 10%. Applications for 6,000 debentures were received and the debentures were allotted on pro-rata basis to all the applicants. Excess money received with applications was refunded.
The directors decided to transfer the minimum amount to Debenture Redemption Reserve on 31.3.2016. On 1.4.2016, the company invested the necessary amount in 9% bank fixed deposit as per the provisions of the Companies Act 2013. A tax was deducted at source by bank on interest @10% p.a.
Pass the necessary journal entries for issue and redemption of debentures. Ignore entries relating to writing off a loss on issue of debentures and interest paid on debentures.
Tata Ltd. issued 5,000, 10% Debentures of Rs 100 each on 1st April 2012. The issue was fully subscribed. According to the terms of issue, interest on debentures is payable half-yearly on 30th September and 31st March and tax deducted at source is 10%.
Pass the necessary journal entries related to the debenture interest for the half-yearly ending on 31st March 2013 and transfer of interest on debentures to Statement of Profit and Loss.
Pass the necessary Journal entry when 10,000 debentures of Rs 100 each are issued as collateral security against a Bank loan of Rs 8,00,000
_______ is an acknowledgement of debt under common seal of a company.
Answer in a sentence only.
What is meant by debenture?
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 ‘Irredeemable Debentures?
Write one word/term/phrase which can substitute the following
The debentures where no charge is created on the assets of company.
Write one word/term/phrase which can substitute the following
The debentures which are converted in to shares.
Write one word/term/phrase which can substitute the following
The debentures which are transferred by way of delivery.
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.
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 amount of irredeemable debentures is not paid in the life time of the company.
State to whether the following statement is True/False.
The debentures are known as creditors ship capital of the company.
State to whether the following statement is True/False.
The unregistered debentures are known as naked debentures.
Amar Ltd. issued 10,000 12% Debentures of Rs 100 each payable Rs 30 on application and remaining amount on allotment. The public applied for Rs 9,000 debentures which were fully allotted and on the relevant allotment money duly received. Give journal entries in the books of Amar Ltd.
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.
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:
Anthony Ltd. issued 20,000, 9% Debentures of ₹ 100 each at 10% discount to Mithoo Ltd. from whom Assets of ₹ 23,50,000 and Liabilities of ₹ 6,00,000 were taken over. Pass entries in the books of Anthony Ltd. if these debentures were to be redeemed at 5% premium.
Random Ltd. took over running business of Mature Ltd. comprising of Assets of ₹ 45,00,000 and Liabilities of ₹ 6,40,000 for a purchase consideration of ₹ 36,00,000. The amount was settled by bank draft of ₹ 1,50,000 and balance by issuing 12% preference shares of ₹ 100 each at 15% premium. Pass entries in the books of Random Ltd.
A Debenture issued by a company by creating a fixed or a floating charge on the company's assets is known as ______.
