Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Glen Ltd. took over the running business of Hayward Ltd. having assets of ₹ 22,00,000 and liabilities of ₹ 6,00,000 by issuing 20,000, 11% Debentures of ₹ 100 each at 5% discount 138 viewsAnurag Pathak Answered question November 23, 2024DK Goel Issue of Debentures 0 Votes 1 Ans 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 ₹ 36,00,000 131 viewsAnurag Pathak Answered question November 23, 2024DK Goel Issue of Debentures 0 Votes 1 Ans Zed Ltd. issued 2,00,000, 8% debentures of ₹ 100 each at a discount of 6% redeemable at a premium of 10% after 5 years. The amount was payable as follows: 122 viewsAnurag Pathak Answered question November 23, 2024DK Goel Issue of Debentures 0 Votes 1 Ans Agam Ltd. issued 40,000, 9% debentures of ₹ 100 each on April 1, 2018 at a discount of 10%, redeemable at a premium of 10% 161 viewsAnurag Pathak Answered question November 23, 2024DK Goel Issue of Debentures 0 Votes 1 Ans Show by means of journal entries how would you record the following issues. A Ltd. issues ₹ 5,00,000, 13% Debentures at a discount of 8% redeemable at par. 116 viewsAnurag Pathak Answered question November 23, 2024DK Goel Issue of Debentures 0 Votes 1 Ans A company issues the following debentures: 10,000, 12% debentures of ₹ 100 each at par but redeemable at a premium of 5% after 5 years. 124 viewsAnurag Pathak Answered question November 23, 2024DK Goel Issue of Debentures 0 Votes 1 Ans Nandan Ltd. issued ₹ 90,000, 12% debentures of ₹ 100 each at a discount of 5% redeemable at 110% 110 viewsAnurag Pathak Answered question November 23, 2024DK Goel Issue of Debentures 0 Votes 1 Ans Journalise the following transactions: X Ltd. issues ₹ 2,00,000, 12% Debentures at a discount of 5% redeemable at par. 108 viewsAnurag Pathak Changed status to publish November 23, 2024DK Goel Issue of Debentures 0 Votes 1 Ans Give the journal entries at the time of issue of debentures in the following cases Issued ₹ 5,00,000, 12% debentures at par and redeemable at par after 5 years 113 viewsAnurag Pathak Changed status to publish November 23, 2024DK Goel Issue of Debentures 0 Votes 1 Ans Journalise the following transactions: (i) 400 debentures issued at ₹ 960 each, repayable at ₹ 1,000 each 117 viewsAnurag Pathak Changed status to publish November 23, 2024DK Goel Issue of Debentures 0 Votes 1 Ans Issued ₹ 4,00,000, 9% debentures of ₹ 100 each at a premium of 8% redeemable at 10% premium 98 viewsAnurag Pathak Changed status to publish November 23, 2024DK Goel Issue of Debentures 0 Votes 1 Ans Z Ltd. issued 20,000, 12% Debentures of ₹ 100 each. Give journal entries if the Debentures are (1) issued at par, (2) issued at a discount of 10% 113 viewsAnurag Pathak Changed status to publish November 23, 2024DK Goel Issue of Debentures 0 Votes 1 Ans X Ltd. raised a bank loan of ₹ 10,00,000 and issued by way of collateral security 10,000, 12% Debentures of ₹ 100 each 138 viewsAnurag Pathak Answered question November 22, 2024DK Goel Issue of Debentures 0 Votes 1 Ans A company took a loan of ₹ 5,00,000 from State Bank of India and issued 10% debentures of ₹ 8,00,000 of ₹ 100 each as a collateral security 120 viewsAnurag Pathak Answered question November 22, 2024DK Goel Issue of Debentures 0 Votes 1 Ans Oberoi Ltd. took certain fixed assets of ₹ 6,30,000 from Vikram Ltd. and allotted 6,000, 12% Debentures at a premium of 5% to satisfy the purchase consideration 109 viewsAnurag Pathak Answered question November 22, 2024DK Goel Issue of Debentures 0 Votes 1 Ans X Ltd. took over assets of ₹ 5,00,000 and liabilities of ₹ 1,00,000 of another company at an agreed price of ₹ 3,80,000 119 viewsAnurag Pathak Answered question November 22, 2024DK Goel Issue of Debentures 0 Votes 1 Ans A company purchased assets of the book value of ₹ 6,00,000 and took over liabilities of ₹ 1,50,000 from Golden Ltd 117 viewsAnurag Pathak Answered question November 22, 2024DK Goel Issue of Debentures 0 Votes 1 Ans Tushar Ltd. purchased assets of ₹ 14,40,000 and liabilities of ₹ 2,55,000 from Chander Ltd. on 1.4.2021. ₹ 2,40,000 were paid immediately 94 viewsAnurag Pathak Answered question November 22, 2024DK Goel Issue of Debentures 0 Votes 1 Ans Vayee Ltd. purchased the following assets of E.X. Ltd: Land and Building of ₹ 60,00,000 at ₹ 84,00,000; Plant and Machinery of ₹ 40,00,000 at ₹ 36,00,000 97 viewsAnurag Pathak Answered question November 22, 2024DK Goel Issue of Debentures 0 Votes 1 Ans Deepak Ltd. purchased furniture for ₹ 2,20,000 from M/s Furniture Mart. 50% of the amount was paid to Furniture Mart by accepting a bill of exchange 95 viewsAnurag Pathak Answered question November 22, 2024DK Goel Issue of Debentures 0 Votes 1 Ans Romi Ltd. acquired assets of ₹ 20 lakhs and took over creditors of ₹ 2 lakhs from Kapil Enterprises. Romi Ltd. issued 8% debentures of ₹ 100 each 91 viewsAnurag Pathak Answered question November 22, 2024DK Goel Issue of Debentures 0 Votes 1 Ans Suvidha Ltd. purchased machinery for ₹ 1,98,000 from Suppliers Ltd. The payment was made by issue of 12% debentures of ₹ 100 each 92 viewsAnurag Pathak Answered question November 22, 2024DK Goel Issue of Debentures 0 Votes 1 Ans Ashoka Ltd. purchased machinery costing ₹ 1,35,000. It was agreed that the purchase consideration be paid by issuing 12% debentures of ₹ 100 each 99 viewsAnurag Pathak Answered question November 22, 2024DK Goel Issue of Debentures 0 Votes 1 Ans On 1st April, 2021, Star Ltd. issued 8,000, 8% Debentures of ₹ 250 each at a premium of 5% and redeemable at a premium of ₹ 4 after 4 years 127 viewsAnurag Pathak Changed status to publish November 22, 2024DK Goel Issue of Debentures 0 Votes 1 Ans Raj Ltd. purchases furniture costing ₹ 2,20,000. It was agreed that the purchase consideration be paid by issue of 15% debentures of ₹ 100 each 116 viewsAnurag Pathak Changed status to publish November 22, 2024DK Goel Issue of Debentures 1 2 … 162 163 Question and answer is powered by anspress.net
