Category [ISC] Issue of Debentures [ISC] Issue of Debentures 45 Questions Ask question Search Order By: ActiveClear Filter 0 Votes 1 Ans Banana Tree Ltd. issued 4,00,000; 9% Debentures of ₹ 50 each, payable on application. Pass Journal entries, at the time of issue of debentures in the following situations: 1.14K viewsAnurag Pathak Changed status to publish December 12, 2023[ISC] Issue of Debentures 0 Votes 1 Ans A company issued ₹ 1,00,000; 7% Debentures at par redeemable at 5% premium after 10 years 1.15K viewsAnurag Pathak Changed status to publish December 12, 2023[ISC] Issue of Debentures 0 Votes 1 Ans Sheesham Ltd. issued 10,000 Debentures of ₹ 100 each at par on the condition that the same 1.24K viewsAnurag Pathak Changed status to publish December 12, 2023[ISC] Issue of Debentures 0 Votes 1 Ans Journalise the following: (a) A debenture issued at 95, repayable at ₹ 100 604 viewsAnurag Pathak Changed status to publish December 12, 2023[ISC] Issue of Debentures 0 Votes 1 Ans Cactus Ltd. took a loan of ₹ 5,00,000 from a bank giving ₹ 6,00,000; 9% Debentures as a collateral security 813 viewsAnurag Pathak Changed status to publish December 12, 2023[ISC] Issue of Debentures 0 Votes 1 Ans Drumbeats Ltd. took a loan of ₹ 4,00,000 from AU Bank Ltd. and issued 8% Debentures of ₹ 4,00,000 as a collateral Security 862 viewsAnurag Pathak Changed status to publish December 12, 2023[ISC] Issue of Debentures 0 Votes 1 Ans Rohan Ltd. purchased the assets of Sony Ltd. for ₹ 5,00,000. It also agreed to take over the liabilities of Sony Ltd 746 viewsAnurag Pathak Changed status to publish December 12, 2023[ISC] Issue of Debentures 0 Votes 1 Ans Exe Ltd. purchased assets of the books value of ₹ 4,00,000 and took over the liabilities of ₹ 50,000 from Mohan Bros 593 viewsAnurag Pathak Changed status to publish December 12, 2023[ISC] Issue of Debentures 0 Votes 1 Ans Promising Company Ltd. took over assets of ₹ 2,50,000 and liabilities of ₹ 30,000 of Goneby Company for the purchase consideration of ₹ 3,30,000 860 viewsAnurag Pathak Changed status to publish December 12, 2023[ISC] Issue of Debentures 0 Votes 1 Ans Paper Products Ltd. purchased Plant and Machinery for ₹ 10,00,000 payable as ₹ 3,25,000 in cash 844 viewsAnurag Pathak Changed status to publish December 12, 2023[ISC] Issue of Debentures 0 Votes 1 Ans Patanjali Ltd. purchased machinery from Barun for an agreed purchase consideration of ₹ 6,30,000 to be satisfied by 915 viewsAnurag Pathak Changed status to publish December 12, 2023[ISC] Issue of Debentures 0 Votes 1 Ans Karur Ltd. purchased a running business of Vysa Ltd. for ₹ 5,40,000 payable as ₹ 1,00,000 by cheque 1.15K viewsAnurag Pathak Changed status to publish December 12, 2023[ISC] Issue of Debentures 0 Votes 1 Ans Hi-tech Ltd. took over the assets of ₹ 6,60,000 and liabilities of ₹ 80,000 of Low-tech Ltd 664 viewsAnurag Pathak Changed status to publish December 12, 2023[ISC] Issue of Debentures 0 Votes 1 Ans Park Regis Ltd. issued 2,500; 9% Debentures of ₹ 100 each at a discount of 10% payable along with application 932 viewsAnurag Pathak Changed status to publish December 12, 2023[ISC] Issue of Debentures 0 Votes 1 Ans Cane Ltd. issued 10,000; 10% Debentures of ₹ 100 each at a discount of 10% payable ₹ 25 on application and balance on allotment 837 viewsAnurag Pathak Changed status to publish December 12, 2023[ISC] Issue of Debentures 0 Votes 1 Ans Date Plam Ltd. issued 5,000; 8% Debentures of ₹ 100 each at a premium of 5% payable as follows 581 viewsAnurag Pathak Changed status to publish December 12, 2023[ISC] Issue of Debentures 0 Votes 1 Ans Smart Ltd. issued 5,000, 10% Debentures of ₹ 100 each, payable ₹ 30 on application and ₹ 70 on allotment 949 viewsAnurag Pathak Changed status to publish December 12, 2023[ISC] Issue of Debentures 0 Votes 1 Ans Pollock Ltd. issued 2,000; 9% Debentures of ₹ 100 each on the following terms 865 viewsAnurag Pathak Changed status to publish December 12, 2023[ISC] Issue of Debentures 0 Votes 1 Ans Akai Ltd. issued 40,000; 10% Debentures of ₹ 100 each at par for cash payable in full along with the application 598 viewsAnurag Pathak Changed status to publish December 12, 2023[ISC] Issue of Debentures 0 Votes 1 Ans Star & Sky Ltd. issued 2,000; 8% Debentures of ₹ 100 each payable as follows ₹ 25 on application 690 viewsAnurag Pathak Changed status to publish December 12, 2023[ISC] Issue of Debentures « Previous 1 2 Question and answer is powered by anspress.net