What Journal entries will be made in the following cases: A company issued ₹ 40,000, 12% Debentures at par, redeemable also at par.
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Usha Ltd. issued 30,000, 10% Debentures of ₹ 100 each as collateral security for a loan of ₹ 24,00,000 from Axis Bank
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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
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India. Ltd. made the following issue of 6% debentures For cash at 90%, 6,000 debentures of ₹ 100 each.
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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
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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
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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%
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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
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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
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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
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