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प्रश्न
On 1st April, 2015. Mathew Ltd. issued 10,000, 9% Debentures of ₹ 100 each at a discount of 5%, redeemable at a premium of 5%. These debentures were redeemable as follows:
| On 31st March, 2016 | 2,000 Debentures; |
| On 31st March, 2017 | 5,000 Debentures; |
| On 31st March, 2018 | 3,000 Debentures. |
Prepare the Loss on Issue of Debentures Account, Debentures Account and Premium on Redemption of Debentures Account for three years.
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उत्तर
In the books of Mathew Ltd.
Loss on Issue of Debentures A/c
Dr. Cr.
|
Date |
Particulars |
Amount (₹) |
Date |
Particulars |
Amount (₹) |
||
| 2015 |
|
2016 |
|
||||
| April 01 | To 9% Debentures A/c |
1,00,000 |
March 31 | By Statement of Profit & Loss A/c |
1,00,000 |
||
|
1,00,000 |
1,00,000 |
||||||
9% Debentures A/c
Dr. Cr.
|
Date |
Particulars |
Amount (₹) |
Date |
Particulars |
Amount (₹) |
||
| 2016 |
|
2015 |
|
||||
| March 31 | To Debentureholders A/c |
2,00,000 |
April 01 | By Debenture Application & Allotment A/c |
9,50,000 |
||
| March 31 | To balance c/d |
8,00,000 |
April 01 | By Loss on Issue of Debentures A/c |
50,000 |
||
|
10,00,000 |
10,00,000 |
||||||
| 2017 |
|
2016 |
|
||||
| March 31 | To Debentureholders A/c |
5,00,000 |
April 01 | By balance b/d |
8,00,000 |
||
| March 31 | To balance c/d |
3,00,000 |
|
||||
|
8,00,000 |
8,00,000 |
||||||
| 2018 |
|
2017 |
|
||||
| March 31 | To Debentureholders A/c |
3,00,000 |
April 01 | By balance b/d |
3,00,000 |
||
|
3,00,000 |
3,00,000 |
||||||
Premium on Redemption of Debentures A/c
Dr. Cr.
|
Date |
Particulars |
Amount (₹) |
Date |
Particulars |
Amount (₹) |
||
| 2016 |
|
2015 |
|
||||
| March 31 | To Debentureholders A/c |
10,000 |
April 01 | By Loss on Issue of Debentures A/c |
50,000 |
||
| March 31 | To balance c/d |
40,000 |
|
||||
|
50,000 |
50,000 |
||||||
| 2017 |
|
2016 |
|
||||
| March 31 | To Debentureholders A/c |
25,000 |
April 01 | By balance b/d |
40,000 |
||
| March 31 | To balance c/d |
15,000 |
|
||||
|
40,000 |
40,000 |
||||||
| 2018 |
|
2017 |
|
||||
| March 31 | To Debentureholders A/c |
15,000 |
April 01 | By balance b/d |
15,000 |
||
|
15,000 |
15,000 |
||||||
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संबंधित प्रश्न
What is ‘Capital Reserve’?
What is meant by an ‘Irredeemable Debenture’?
Short Answer Question
Name the head under which ‘discount on issue of debentures’ appears in the Balance Sheet of a company.
Long Answer Question
Explain the different terms for the issue of debentures with reference to their redemption.
A company issues the following debentures:
- 10,000 12% debentures of Rs. 100 each at par but redeemable at a premium of 5% after 5 years;
- 10,000 12% debentures of Rs. 100 each at a discount of 10% but redeemable at par after 5 years;
- 5,000 12% debentures of Rs. 1,000 each at a premium of 5% but redeemable at par after 5 years;
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Pass the journal entries to record the: (a) issue of debentures, and (b) repayment of debentures after the given period.
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Pass necessary Journal entries.
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Pass journal entries in the following cases:
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(c) A Co.Ltd. issued ₹40,000; 12% Debentures at par redeemable at 10% premium.
(d) A Co.Ltd. issued ₹40,000; 12% Debentures at a discount of 5% and redeemable at 5% premium.
(e) A Co.Ltd. issued ₹40,000; 12% Debentures at a premium of 10% redeemable at 110%.
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Pass Journal entries for the issue of these debentures.
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Discount on issue of debentures is shown under the following head in the Balance Sheet?
The debentures are issued with a specified rate of interest, which is called the coupon rate are known as which types of debentures?
The loss on issue of Debentures is written-off from ______.
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Debentures are considered as ______ equity.
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