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प्रश्न
X Ltd. had outstanding 20,000 12% debentures of Rs. 100 each redeemable on June 30, 2019. Record necessary journal entries at the time of redemption.
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उत्तर
| Journey Entries | ||||
| Date | Particulars | LF | Dr. (Rs.) | Cr. (Rs.) |
| 2019 | ||||
| June 30 | 12% Debenture A/c ...Dr. | 20,00,000 | ||
| To Debenture holders A/c | 20,00,000 | |||
| (Being the amount due on redemption of 20,000, 12% debentures of Rs. 100 each) | ||||
| June 30 | Debenture holders A/c ...Dr. | 20,00,000 | ||
| To Bank A/c | 20,00,000 | |||
| (Being the payment made to debenture holders for 20,000, 12% debentures of Rs. 100 each) | ||||
Calculate the amount due on redemption
Outstanding debentures = 20,000
Redemption price = Rs. 100 per debenture
Total Amount due on redemption = Outstanding Debentures × Redemption price
= 20,000 × Rs. 100
= Rs. 20,00,000
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संबंधित प्रश्न
What is meant by an ‘Irredeemable Debenture’?
Long Answer Question
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20,00,000 Debentures on March 2014
Compute the amount of discount to be written off in each year till debentures are paid. Also prepare the discount/loss on the issue of the debenture account.
A company issues the following debentures:
- 10,000 12% debentures of Rs. 100 each at par but redeemable at a premium of 5% after 5 years;
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- 5,000 12% debentures of Rs. 1,000 each at a premium of 5% but redeemable at par after 5 years;
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- 300 12% debentures of Rs. 100 each as collateral security to a bank that has advanced a loan of Rs. 25,000 to the company for a period of 5 years.
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Indicate the amount of discount to be written-off every accounting year assuming that the company decides to write-off the debentures discount during the life of debentures. (Amount to be written-off: 2012 Rs 8,000; 2013 Rs 6,400; 2014 Rs 4,800; 2015 Rs 2,000; 2016 Rs 1,600).
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₹ 25 on application; ₹ 25 on allotment and ₹ 50 on first and final call.
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Pass necessary Journal entries relating to the issue of debentures for the following:
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Excess value of net assets over purchase consideration at the time of purchase of business is credited to ______.
The debentures are issued with a specified rate of interest, which is called the coupon rate are known as which types of debentures?
Which of the following. column indicated in·the statement given below is to be credited?
"Writing off the loss on issue of debentures"
Loss on issue of debentures is treated as ______.
Which of the following is not a source of cash?
X Ltd. purchased assets of ₹ 18,00,000 and took over liabilities of ₹ 6,00,000 of Y Ltd. for a purchase consideration of ₹ 10,00,000. The payment to Y Ltd. was made by issue of 9% debentures of ₹ 100 each at ₹ 125. Calculate the number of 9% debentures issued in favour of Y Ltd. and pass the necessary journal entries for the above transactions in the books of X Ltd.
