Ask question Search Order By: ActiveCategoryClear Filter 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 165 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 ₹ 36,00,000 198 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 160 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 159 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 154 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 162 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 240 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 173 viewsAnurag Pathak Changed status to publish November 22, 2024DK Goel Issue of Debentures 0 Votes 1 Ans 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 ₹ 5 222 viewsAnurag Pathak Answered question November 22, 2024DK Goel Issue of Debentures 0 Votes 1 Ans 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 203 viewsAnurag Pathak Answered question November 22, 2024DK Goel Issue of Debentures 0 Votes 1 Ans 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 187 viewsAnurag Pathak Answered question November 22, 2024DK Goel Issue of Debentures 0 Votes 1 Ans 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 186 viewsAnurag Pathak Answered question November 22, 2024DK Goel Issue of Debentures 0 Votes 1 Ans KTR Ltd., issued 365, 9% Debentures of ₹ 1000 each on 4-3-2016. Pass necessary Journal entries for the issue of debentures in the following situations 217 viewsAnurag Pathak Answered question November 22, 2024DK Goel Issue of Debentures 0 Votes 1 Ans What Journal entries will be made in the following cases: A company issued ₹ 40,000, 12% Debentures at par, redeemable also at par. 177 viewsAnurag Pathak Answered question November 22, 2024DK Goel Issue of Debentures 0 Votes 1 Ans Usha Ltd. issued 30,000, 10% Debentures of ₹ 100 each as collateral security for a loan of ₹ 24,00,000 from Axis Bank 158 viewsAnurag Pathak Answered question November 22, 2024DK Goel Issue of Debentures 0 Votes 1 Ans X Ltd. issued 25,000, 9% Debentures of ₹ 100 each at a premium of ₹ 4 per debenture on 1st April, 2022. On the same date it purchased Property, Plant and Equipment of ₹ 10,00,000 215 viewsAnurag Pathak Answered question November 19, 2024DK Goel Issue of Debentures 0 Votes 1 Ans India. Ltd. made the following issue of 6% debentures For cash at 90%, 6,000 debentures of ₹ 100 each. 183 viewsAnurag Pathak Answered question November 19, 2024DK Goel Issue of Debentures 0 Votes 1 Ans Hassan Limited took a loan of ₹ 30,00,000 from a bank against primary security worth ₹ 40,00,000 and issued 35,000, 6% debentures of ₹ 100 each as a collateral security 195 viewsAnurag Pathak Answered question November 18, 2024DK Goel Issue of Debentures 0 Votes 1 Ans S. Singh Limited obtained a loan of ₹ 5,00,000 from State Bank of India @ 10% interest. The company issued ₹ 7,50,000, 10% debentures of ₹ 100 each, in favour of State Bank of India as collateral security 200 viewsAnurag Pathak Answered question November 18, 2024DK Goel Issue of Debentures 0 Votes 1 Ans Disha Ltd. purchased machinery from Nisha Ltd. and paid to Nisha Ltd. as follows By issuing 10,000, equity shares of ₹ 10 each at a premium of 10% 221 viewsAnurag Pathak Answered question November 16, 2024DK Goel Issue of Debentures 0 Votes 1 Ans Gunjan Limited purchased a running business from Vrindavan Limited for a sum of ₹ 25,00,000, payable ₹ 4,00,000 by cheque and for the balance issued 8% Debentures of ₹ 100 each at 5% premium 189 viewsAnurag Pathak Answered question November 16, 2024DK Goel Issue of Debentures 0 Votes 1 Ans Star Textiles Ltd. purchased assets of Modern Textiles Ltd. as under: Land and Buildings of ₹ 25,00,000 at ₹ 40,00,000; Plant and Machinery of ₹ 10,00,000 for ₹ 7,50,000 208 viewsAnurag Pathak Answered question November 16, 2024DK Goel Issue of Debentures 0 Votes 1 Ans J Ltd. purchased machinery for ₹ 3,50,000 from K Ltd. on 28.2.2023. ₹ 50,000 were paid to K Ltd. immediately and the balance was paid by issue of 10% debentures of ₹ 3,10,000 in J Ltd 208 viewsAnurag Pathak Answered question November 16, 2024DK Goel Issue of Debentures 0 Votes 1 Ans A Company purchased Assets of the book value of ₹ 12,00,000 and Liabilities of ₹ 2,20,000 of another Company for a purchase consideration of ₹ 9,40,000 278 viewsAnurag Pathak Edited answer November 16, 2024DK Goel Issue of Debentures 0 Votes 1 Ans Disha Ltd. took over assets of ₹ 8,00,000 and liabilities of ₹ 3,00,000 from Kirti Ltd. for a purchase consideration of ₹ 6,00,000 186 viewsAnurag Pathak Answered question November 16, 2024DK Goel Issue of Debentures « Previous 1 2 … 4 5 6 7 8 … 167 168 Next » Question and answer is powered by anspress.net
