Bright Ltd. issued 5,000; 10% Debentures of ₹ 100 each on 1st April, 2022. The issue was fully subscribed As per the terms of issue, interest on the debentures is payable half-yearly on 30th September and 31st March
Solution:-
Commerce School
Student Community
Archives Answers
Answer
Pratham Ltd. issued 50,000, 9% Debentures of ₹ 100 each on 1st April, 2022 at 10% discount, redeemable at 10 premium
Solution:-
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%.
Solution:-
Care Cosmetics Ltd. issued 50,000; 9% Debentures of ₹ 10 each on 1st April, 2021 redeemable at a premium of 10% after 10 years
Solution:-
₹ 40,000; 12% Debentures of ₹ 100 each issued at a premium of 5% redeemable at par
Solution:-
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:
Solution:-
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.
Solution:-
‘ZK Ltd’. issued ₹ 4,00,000, 9% Debentures of ₹ 100 each at a discount of 5% redeemable at a premium of 10%
Solution:-
Journalise the following: (a) A debenture issued at ₹ 95, repayable at ₹ 100.
Solution:-
S. Singh Limited obtained loan of ₹ 5,00,000 from State Bank of India @ 10% p.a. interest
Solution:-