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प्रश्न
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उत्तर
Journal
| Date | Particulars | L.F. | DebitAmount(Rs) | CreditAmount(Rs) | |
|
Bank A/c (1,500 × 20) To 12% Debenture Application A/c (Application money received) |
Dr.
|
30,000
|
30,000
|
||
|
Debenture Application A/c To 12% Debentures A/c (1,000 × 20) To Bank A/c (500 × 20) (Application money transferred to 12% Debentures A/c) |
Dr.
|
|
30,000
|
20,000 10,000
|
|
|
Debenture Allotment A/c ( 900 × 80) To 12% Debentures A/c (Allotment money due) |
Dr.
|
72,000
|
72,000
|
||
|
Bank A/c To Debenture Allotment A/c (Allotment money received) |
Dr.
|
72,000
|
72,000
|
||
Mahakali Co. Ltd.
Balance Sheet
| Particulars | Note No. | Amount (Rs) |
| I. Equity and Liabilities | ||
| Non-current liabilities | ||
| Long-term borrowings | 102,000 | |
| II. Assets | ||
| Current assets | ||
| Cash and cash equivalents | 102,000 |
Notes to Accounts :
| Particulars | Amount (Rs) |
| 1. Long-term borrowings 1,000, 12% Debentures of Rs 100 each |
102,000 |
| 2. Cash and cash equivalents Cash at bank |
102,000 |
APPEARS IN
संबंधित प्रश्न
Give the meaning of Debenture?
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 ‘Mortgaged Debenture’?
Write one word/term/phrase which can substitute the following
The debentures where no charge is created on the assets of company.
Write one word/term/phrase which can substitute the following
The debentures of which the payment is not made until the winding up of company.
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 transferred by way of delivery.
Select most appropriate alternative from those given below :
The debentures which are converted into shares is called____________.
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 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.
The unregistered debentures are known as naked debentures.
Amar Ltd. issued 10,000 12% Debentures of Rs 100 each payable Rs 30 on application and remaining amount on allotment. The public applied for Rs 9,000 debentures which were fully allotted and on the relevant allotment money duly received. Give journal entries in the books of Amar Ltd.
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 following question in one sentence.
What are ‘convertible debentures’?
Write Short Note on Secured Debentures
Match the items given in Column I with the headings/subheadings (Balance sheet) as defined in Schedule III of Companies Act 2013.
| Column I | Column II | ||
| (I) | Loose Tools | (a) | Intangible fixed assets |
| (II) | Patents | (b) | Other current assets |
| (III) | Prepaid insurance | (c) | Long term Borrowings |
| (IV) | Debentures | (d) | Inventories |
| (V) | Machinery | (e) | Tangible Fixed assets/Property, Plant and Equipment |
Choose the correct option:
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.
