Agam Ltd. issued 40,000; 9% Debentures of ₹ 100 each on 1st April, 2022 at a discount of 10% redeemable at a premium of 10%.
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Care Cosmetics Ltd. issued 50,000; 9% Debentures of ₹ 10 each on 1st April, 2021 redeemable at a premium of 10% after 10 years
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₹ 40,000; 12% Debentures of ₹ 100 each issued at a premium of 5% redeemable at par
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Issued ₹ 28,000; 10% Debentures of ₹ 100 each at a premium of 15% redeemable at par. Pass necessary Journal entries relating to the issue of debentures for the following:
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On 1st April, 2018, Sakshi Ltd. issued 1,000, 11% Debentures of ₹ 100 each at a discount of 6%, redeemable at a premium of 5% after three years.
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‘ZK Ltd’. issued ₹ 4,00,000, 9% Debentures of ₹ 100 each at a discount of 5% redeemable at a premium of 10%
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Journalise the following: (a) A debenture issued at ₹ 95, repayable at ₹ 100.
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S. Singh Limited obtained loan of ₹ 5,00,000 from State Bank of India @ 10% p.a. interest
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Best Barcode Ltd. took loan of ₹ 5,00,000 from a bank giving ₹ 6,00,000; 9% Debentures as collateral security
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X Ltd. took loan of ₹ 3,00,000 from IDBI Bank. The company issued 4,000; 9% Debentures of ₹ 100 each as a collateral security for the same
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