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प्रश्न
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.
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उत्तर
| Books of Random Ltd. Journal Entries | ||||
| Date | Particulars | L.F. | Dr. (₹) | Cr. (₹) |
| 1. | Assets A/c ...Dr. | 45,00,000 | ||
| To Liabilities A/c | 6,40,000 | |||
| To Mature Ltd. A/c | 36,00,000 | |||
| To Capital Reserve A/c | 2,60,000 | |||
| (Business purchased of Mithoo Ltd. comprising of Assets and Liabilities) |
||||
| 2. | Mature Ltd. A/c ...Dr. | 36,00,000 | ||
| To Bank A/c | 1,50,000 | |||
| To 12% Preference Share Capital A/c | 30,00,000 | |||
| To Securities Premium A/c | 4,50,000 | |||
| (Debentures issued to Mithoo Ltd. at Discount, redeemable at Premium) |
||||
No. of Shares = `(34,50,000)/115` = 30,000 shares @ 100 + 15 each
संबंधित प्रश्न
The debentures which are convertible into shares.
The debenture holder is owner of the company.
On 1.4.2015 PPR Ltd. issued 1500, 10% debentures of Rs 100 each at a discount of 3%, redeemable at a premium of 8% after three years. The company closes its books on 31st March every year. Interest on 10% debentures is payable on 30th September and 31st March. Rate of tax deducted at source is 10%.
Pass necessary journal entries for the issue of 10% debentures and interest for the year ended 31.3.2016
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
Answer in a sentence only.
What is meant by debenture?
Answer in a sentence only.
What is meant by ‘Mortgaged Debenture’?
Answer in a sentence only.
What is meant by redemption of Debentures?
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.
Write one word/term/phrase which can substitute the following
The debentures which are registered in the register of company.
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 :
__________ debentures which are not secured against any charge on asset of the 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 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.
The debentures are known as creditors ship capital 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
Explain any four types of debentures through which a public limited company can collect its borrowed capital from the public.
State any four disadvantages of debentures.
A Debenture issued by a company by creating a fixed or a floating charge on the company's assets is known as ______.
