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प्रश्न
X.Ltd. purchased a Machinery from Y. Ltd. at an agreed purchase consideration of Rs. 4,40,000 to be satisfied by the issue of 12% debentures of Rs. 100 each at a premium of Rs 10 per debenture. Journalise the transactions.
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उत्तर
Books of X. Ltd.
Journal
|
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|||
|
|
Machinery A/c |
Dr. |
|
4,40,000 |
|
||
|
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To Y. Ltd. |
|
|
4,40,000 |
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|
|
(Machinery purchased from Y. Ltd.) |
|
|
|
|||
|
|
Y. Ltd. |
Dr. |
|
4,40,000 |
|
||
|
|
To 12% Debentures A/c |
|
|
4,00,000 |
|||
|
|
To Securities Premium A/c |
|
|
40,000 |
|||
|
|
(Allotted 4,000 debentures of Rs. 100 each at a premium of Rs. 10 per debenture in consideration of Machinery purchased) |
|
|
|
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संबंधित प्रश्न
What is meant by redemption of debentures?
What is meant by the redemption of debentures by conversion?
Differentiate between redemption of debentures out of capital and out of profits.
Explain the guidelines of SEBI for creating the Debenture Redemption Reserve.
Can a company purchase its own debentures in the open market? Explain.
Own debentures are those debentures of the company which ______.
Which of the following column indicated in the statement given below is to be debited?
"Purchase of own debentures by the company for cancellation" ·
Consider the following statements.
Statement 1 - "No DRR is required for debentures issued by All India Financial Institutions, regulated by RBI and Banking Companies for both public as well as privately placed debentures".
Statement 2 - DRR is required for debentures issued by All India Financial Institutions, regulated by RBI and Banking Companies for both public as well as privately placed debentures"
No Debenture Redemption Reserve is required for debentures issued by ______.
Shashi Ltd. decided to redeem its 8,000, 11% Debentures of ₹ 100 each at a premium of 10%. The minimum amount transferred to Debenture Redemption Reserve will be: (assume that the company is not listed)
According to SEBI guidelines, what percentage of the amount of debentures must be transferred to Debenture Redemption Reserve, before the commencement of redemption of debentures, in the case of convertible debentures?
If debentures purchased in the open market are not immediately cancelled, they are treated as:
Debentures can be redeemed out of:
Which of the following is not true about Debenture Redemption Reserve (DRR)?
Premium on Redemption of Debentures Account is a ______.
Premium on redemption of debentures is generally provided at the time of ______.
Sources of finance for the redemption of debentures are ______.
