Oaktree Ltd. issued 40,000; 9% Debentures of ₹ 50 each at a discount of 8% redeemable at par any time after 9 years. Record necessary Journal entries.
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Pine Tree Ltd. issued 75,000; 8% Debentures of ₹ 100 each, payable on application and redeemable at par
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Banana Tree Ltd. issued 4,00,000; 9% Debentures of ₹ 50 each, payable on application. Pass Journal entries, at the time of issue of debentures in the following situations:
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A company issued ₹ 1,00,000; 7% Debentures at par redeemable at 5% premium after 10 years
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Sheesham Ltd. issued 10,000 Debentures of ₹ 100 each at par on the condition that the same
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Journalise the following: (a) A debenture issued at 95, repayable at ₹ 100
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Cactus Ltd. took a loan of ₹ 5,00,000 from a bank giving ₹ 6,00,000; 9% Debentures as a collateral security
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Drumbeats Ltd. took a loan of ₹ 4,00,000 from AU Bank Ltd. and issued 8% Debentures of ₹ 4,00,000 as a collateral Security
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Rohan Ltd. purchased the assets of Sony Ltd. for ₹ 5,00,000. It also agreed to take over the liabilities of Sony Ltd
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Exe Ltd. purchased assets of the books value of ₹ 4,00,000 and took over the liabilities of ₹ 50,000 from Mohan Bros
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