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प्रश्न
X.Ltd. purchased a Machinery from Y for 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 |
|
|
4,40,000 |
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|
|
(Machinery purchased from Y) |
|
|
|
|||
|
|
Y |
Dr. |
|
4,40,000 |
|
||
|
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To 12% Debentures A/c |
|
|
4,00,000 |
|||
|
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To Securities Premium A/c |
|
|
40,000 |
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|
|
(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
Short Answer Question
What is meant by ‘Premium on Redemption of Debentures’?
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What is meant by redemption of debentures out of Capital?
Long Answer Question
Differentiate between redemption of debentures out of capital and out of profits.
Long Answer Question
Explain the guidelines of SEBI for creating Debenture Redemption Reserve.
Long Answer Question
Describe the steps for creating Sinking Fund for redemption of debentures.
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Calculate the amount of discount to be written-off each year. Give journal entries also.
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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?
Premium on Redemption of Debentures Account is a ______.
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Sources of finance for the redemption of debentures are ______.
