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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 |
|
||
|
|
To Y. Ltd. |
|
|
4,40,000 |
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|
|
(Machinery purchased from Y. Ltd.) |
|
|
|
|||
|
|
Y. Ltd. |
Dr. |
|
4,40,000 |
|
||
|
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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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|
|
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संबंधित प्रश्न
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Calculate the amount of discount to be written-off each year. Give journal entries also.
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"X Ltd. issued 500, 9% debentures of Rs.100 each at par and redeemable at par at the end of 5 years out of capital."
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