Advertisements
Advertisements
Question
Advertisements
Solution
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
RELATED QUESTIONS
The debentures which are convertible into shares.
The debenture holder is owner of the company.
Tata Ltd. issued 5,000, 10% Debentures of Rs 100 each on 1st April 2012. The issue was fully subscribed. According to the terms of issue, interest on debentures is payable half-yearly on 30th September and 31st March and tax deducted at source is 10%.
Pass the necessary journal entries related to the debenture interest for the half-yearly ending on 31st March 2013 and transfer of interest on debentures to Statement of Profit and Loss.
Give any one advantage for the redemption of debentures by purchase in the open market?
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
_______ is an acknowledgement of debt under common seal of a company.
Answer in a sentence only.
What do you mean by Bearer Debenture?
Answer in a sentence only.
What is meant by ‘Mortgaged Debenture’?
Write one word/term/phrase which can substitute the following
The acknowledgment of debt under common seal 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 not converted into shares.
Write one word/term/phrase which can substitute the following
The debentures which are registered in the register of company.
Select most appropriate alternative from those given below
__________ is acknowledgment of debt under common seal of company.
Select most appropriate alternative from those given below ____________debentures which are recorded in register of company.
Select most appropriate alternative from those given below :
__________ debentures which are not secured against any charge on asset of the company.
Select most appropriate alternative from those given below :
The debenture holder is ___________ of the company.
State to whether the following statement is True/False.
The acknowledgement of debt under common seal of company in termed as share.
State to whether the following statement is True/False.
The amount of irredeemable debentures is not paid in the life time of the company.
Write a word / term / phrase as a substitute of the following statement.
The acknowledgement of debt under common seal of company.
Answer the following question in one sentence.
What are ‘convertible debentures’?
Explain any four types of debentures through which a public limited company can collect its borrowed capital from the public.
State any four disadvantages of debentures.
A Debenture issued by a company by creating a fixed or a floating charge on the company's assets is known as ______.
