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Which of the following column indicated in the statement given below is to be debited?
"Issue of debentures to a vendor in consideration of the business purchase"
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The Journal Entry to acquire an asset from vendor will be:
Concept: undefined >> undefined
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At the time of issue of debentures, Debentures Account is ______.
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Pick the odd one out:
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What journal entry will be passed when purchase consideration is equal to net assets while purchasing business from vendor:
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Based on the below information, you are required to answer the following question:
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Nidiya Limited was incorporated on 1st April 2017 with a registered office in Mumbai. The capital clause of the memorandum of Association reflected a registered capital of 8,00,000 equity shares of ₹ 10 each and 1,00,000 preference shares of ₹ 50 each. Since some large investments were required for building and machinery the company in consultation with vendors, M/s VPS Enterprises, issued 1,00,000 equity shares and 20,000 preference shares at par with them in full consideration of assets acquired. Besides this, the company issued 2,00,000 equity shares for cash at par payable as ₹ 3 on application, 2 on the allotment, 3 on the first call and 2 on the second call. Till date, the second call has not yet been made and all the shareholders have paid except Mr. Ajay who did not pay allotment and calls on his 300 shares and Mr. Vipul who did not pay the first call on his 200 shares. Shares of Mr. Ajay were then forfeited and out of the 100 shares were reissued at ₹ 12 per share. |
Shares issue to vendors of building and machinery, M/s. VPS Enterprises would be classified as:
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Collateral security means ______ security.
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Debentures issued as collateral security will be ______ to Debenture Suspense Account.
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In case of issue of debentures as collateral security for a loan from the bank, which account will be debited?
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Convertible debentures cannot be issued at a discount if ______.
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Own debentures are those debentures of the company which ______.
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Profit on cancellation of own debentures is transferred to ______.
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Which of the methods can be adopted to write off discount/loss on issue of debentures against the revenue profits?
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Which of the following column indicated in the statement given below is to be debited?
"Purchase of own debentures by the company for cancellation" ·
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Which of the following methods are there for redemption of debentures?
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Which of the following given statement is correct.
Statement 1 - "Bond and debentures are same in terms of contents and texture."
Statement 2 - "Bond and debentures are not same in terms of contents and texture."
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Consider the following statements.
Statement 1 - "No DRR is required for debentures issued by All India Financial Institutions, regulated by RBI and Banking Companies for both public as well as privately placed debentures".
Statement 2 - DRR is required for debentures issued by All India Financial Institutions, regulated by RBI and Banking Companies for both public as well as privately placed debentures"
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Give the necessary journal entries at time of redemption of debentures
"X Ltd. issued 500, 9% debentures of Rs.100 each at par and redeemable at par at the end of 5 years out of capital."
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No Debenture Redemption Reserve is required for debentures issued by ______.
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Shashi Ltd. decided to redeem its 8,000, 11% Debentures of ₹ 100 each at a premium of 10%. The minimum amount transferred to Debenture Redemption Reserve will be: (assume that the company is not listed)
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