Glen Ltd. took over the running business of Hayward Ltd. having assets of ₹ 22,00,000 and liabilities of ₹ 6,00,000 by issuing 20,000, 11% Debentures of ₹ 100 each at 5% discount
Solution:-
Commerce School
Student Community
Archives Answers
Answer
Random Ltd. took over running business of Mature Ltd. comprising of Assets of ₹ 45,00,000 and Liabilities of ₹ 6,40,000 for a purchase consideration of ₹ 36,00,000
Solution:-
Zed Ltd. issued 2,00,000, 8% debentures of ₹ 100 each at a discount of 6% redeemable at a premium of 10% after 5 years. The amount was payable as follows:
Solution:-
Agam Ltd. issued 40,000, 9% debentures of ₹ 100 each on April 1, 2018 at a discount of 10%, redeemable at a premium of 10%
Solution:-
Show by means of journal entries how would you record the following issues. A Ltd. issues ₹ 5,00,000, 13% Debentures at a discount of 8% redeemable at par.
Solution:-
A company issues the following debentures: 10,000, 12% debentures of ₹ 100 each at par but redeemable at a premium of 5% after 5 years.
Solution:-
Nandan Ltd. issued ₹ 90,000, 12% debentures of ₹ 100 each at a discount of 5% redeemable at 110%
Solution:-
Journalise the following transactions: X Ltd. issues ₹ 2,00,000, 12% Debentures at a discount of 5% redeemable at par.
Solution:-
Give the journal entries at the time of issue of debentures in the following cases Issued ₹ 5,00,000, 12% debentures at par and redeemable at par after 5 years
Solution:-
Journalise the following transactions: (i) 400 debentures issued at ₹ 960 each, repayable at ₹ 1,000 each
Solution:-