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प्रश्न
Romi Ltd. acquired assets of ₹ 20 lakhs and took over creditors of ₹ 2 lakhs from Kapil Enterprises.
Romi Ltd. issued 8% Debentures of ₹ 100 each at a discount of 10% as purchase consideration.
Record necessary journal entries in the books of Romi Ltd.
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उत्तर
Books of Romi Ltd.
Journal
|
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
|
|
Assets A/c |
Dr. |
|
20,00,000 |
|
|
|
To Creditors A/c |
|
|
2,00,000 |
|
|
|
To Kapil Enterprises |
|
|
18,00,000 |
|
|
|
(Assets purchased and Creditors took over from Kapil Enterprises) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Kapil Enterprises |
Dr. |
|
18,00,000 |
|
|
|
Discount on Issue of Debentures A/c |
Dr. |
|
2,00,000 |
|
|
|
To 8% Debentures A/c |
|
|
20,00,000 |
|
|
|
(Issued 20,000 8% Debentures of Rs 100 each at discount of 10% to Kapil Enterprises) |
|
|
|
|
Working Note:
No.of.debentures to be issued =
`"Purchase Consideration"/ "Issued Price"`
`= 1800000 / (100 - 10) = 1800000/90`
= 20000 debentures
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संबंधित प्रश्न
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Prepare the Balance Sheet (extract) as at 31st March, 2018.
Discount on issue of debentures is shown under the following head in the Balance Sheet?
Premium on redemption is shown under which head until debentures are redeemed?
The loss on issue of Debentures is written-off from ______.
Debenture holders are ______.
Debenture premium cannot be used to ______.
Which of the following statement is true?
Which of the following is false with respect to debentures ?
10% Debenture issued at ₹ 105 is repayable at ₹ 110, the face value of the debenture being ₹ 100. Calculate the amount of loss on redemption of debentures.
Debenture holders are the ______.
Debenture is ______.
