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प्रश्न
On 1st April, 2017, Solar Power Ltd. issued 10,000, 8% Debentures of ₹ 100 each at a discount of 5% redeemable at a premium of 15% at the end of five years. All the debentures were subscribed and allotment was made. The company had balance in Securities Premium Reserve of ₹ 80,000.
Prepare the Balance Sheet (extract) as at 31st March, 2018.
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उत्तर
| In the books of Solar Power Ltd. An Extract of Balance Sheet As at 31st March, 2018 |
||
| Particulars | Note No. |
Amount (₹) |
| I. Equity and liabilities | ||
| 1. Shareholders’ Funds |
||
| Reserves and Surplus | 3 | (1,20,000) |
| 2. Non-Current Liabilities | ||
| a. Long-term Borrowings | 1 | 10,00,000 |
| b. Other long-term | 2 | 1,50,000 |
| II. Assets | ||
| Current Assets | ||
| Cash and Cash Equivalents | 4 | 9,50,000 |
Notes to Accounts:
| Note No. |
Particulars | Amount (₹) | Amount (₹) |
| 1. | Long-term Borrowings | ||
| 10,000, 8% Debentures of ₹100 each issued | 10,00,000 | ||
| 2. | Other long-term Liabilities | ||
| Premium on Redemption of Debentures | 1,50,000 | ||
| 3. | Reserves and Surplusc | ||
| Securities Premium Reserve | 80,000 | ||
| Less: Discount on Issue of Debentures | (50,000) | ||
| Less: Loss on Issue of Debentures written off | (30,000) | ||
| Statement of Profit and Loss | – | ||
| Less: Loss on Issue of Debentures written off | (1,20,000) | (1,20,000) | |
| 4. | Cash and Cash Equivalents | ||
| On 8% debentures @ ₹ 95 each (10,000 × 95) | 9,50,000 |
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संबंधित प्रश्न
Long Answer Question
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Fill in the blank.
For recording the issue of debentures as collateral security by a journal entry _______ account is debited.
Debentures which are transferable by mere delivery are ______.
The word 'debenture' has been derived from which Latin word (which means to borrow)?
Which of the following situations are commonly found in practice during the issue and redemption of debentures?
Pick the odd one out:
Which of the following statement is true?
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