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
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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
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Suvidha Ltd. purchased machinery for ₹ 1,98,000 from Suppliers Ltd. The payment was made by issue of 12% debentures of ₹ 100 each
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Ashoka Ltd. purchased machinery costing ₹ 1,35,000. It was agreed that the purchase consideration be paid by issuing 12% debentures of ₹ 100 each
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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
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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
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Y Ltd. issued on 1st April, 2021, 20,000, 9% Debentures of ₹ 100 each at 4% discount redeemable after four years at a premium of ₹ 5
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On 1-4-2022, K.K Ltd. issued 500, 9% Debentures of ₹ 500 each at a discount of 4%, redeemable at a premium of 5% after three years
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On 1st April, 2018, X Ltd. issued 7,500, 9% Debentures of ₹ 50 each at a discount of 6%, redeemable at a premium of 10%. Pass journal entries for the year ending 31st March
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Pass the necessary Journal entries for the issue of 7% debentures in the following cases: 100 debentures of ₹ 100 each issued at ₹ 105 each repayable at ₹ 100 each
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