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Category [CBSE] Issue of Debenture

[CBSE] Issue of Debenture 58 Questions

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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.

3.69K viewsAnurag Pathak Changed status to publish October 9, 2023[CBSE] Issue of Debenture

0 Votes 1 Ans

‘ZK Ltd’. issued ₹ 4,00,000, 9% Debentures of ₹ 100 each at a discount of 5% redeemable at a premium of 10%

4.20K viewsAnurag Pathak Changed status to publish October 9, 2023[CBSE] Issue of Debenture

0 Votes 1 Ans

Journalise the following: (a) A debenture issued at ₹ 95, repayable at ₹ 100.

3.29K viewsAnurag Pathak Changed status to publish October 9, 2023[CBSE] Issue of Debenture

0 Votes 1 Ans

S. Singh Limited obtained loan of ₹ 5,00,000 from State Bank of India @ 10% p.a. interest

3.76K viewsAnurag Pathak Changed status to publish October 9, 2023[CBSE] Issue of Debenture

0 Votes 1 Ans

Best Barcode Ltd. took loan of ₹ 5,00,000 from a bank giving ₹ 6,00,000; 9% Debentures as collateral security

3.80K viewsAnurag Pathak Changed status to publish October 9, 2023[CBSE] Issue of Debenture

0 Votes 1 Ans

X Ltd. took loan of ₹ 3,00,000 from IDBI Bank. The company issued 4,000; 9% Debentures of ₹ 100 each as a collateral security for the same

3.40K viewsAnurag Pathak Changed status to publish October 9, 2023[CBSE] Issue of Debenture

0 Votes 1 Ans

A company took loan of ₹ 4,00,000 from Bandhan Bank Ltd. and issued 8% Debentures of ₹ 4,00,000 as a collateral security

3.65K viewsAnurag Pathak Changed status to publish October 9, 2023[CBSE] Issue of Debenture

0 Votes 1 Ans

Star Ltd. took over the assets of ₹ 6,60,000 and liabilities of ₹ 80,000 of Moon Ltd. for ₹ 6,00,000. Give necessary Journal entries in the books of Star Ltd. if:

2.84K viewsAnurag Pathak Changed status to publish October 9, 2023[CBSE] Issue of Debenture

0 Votes 1 Ans

Grown Ltd. issued 500, 10% Debentures of ₹ 1,000 each credited as fully paid-up to the promoters for their services to incorporate the company

2.57K viewsAnurag Pathak Changed status to publish October 9, 2023[CBSE] Issue of Debenture

0 Votes 1 Ans

Anthony Ltd. issued 20,000, 9% Debentures of ₹ 100 each at 10% discount to Mithoo Ltd

5.08K viewsAnurag Pathak Changed status to publish October 7, 2023[CBSE] Issue of Debenture

0 Votes 1 Ans

Green Ltd. purchased the assets of Strong Ltd. for ₹ 40,00,000 and took over liabilities of ₹ 7,00,000 for ₹ 32,40,000

2.77K viewsAnurag Pathak Changed status to publish October 7, 2023[CBSE] Issue of Debenture

0 Votes 1 Ans

Rama Ltd. took over following assets and liabilities of Krishna Ltd. on 1s April, 2019:

3.94K viewsAnurag Pathak Changed status to publish October 7, 2023[CBSE] Issue of Debenture

0 Votes 1 Ans

Exe Ltd. purchased assets of the book value ₹ 4,00,000 and took over the liabilities of ₹ 50,000 from Mohan Bros

3.70K viewsAnurag Pathak Changed status to publish October 7, 2023[CBSE] Issue of Debenture

0 Votes 1 Ans

Romi Ltd. acquired assets of ₹ 20 lakh and took over creditors of ₹ 2 lakh from Kapil Enterprises. Romi Ltd. issued 8% Debentures of ₹ 100 each at a discount of 10% as purchase consideration

3.96K viewsAnurag Pathak Changed status to publish October 7, 2023[CBSE] Issue of Debenture

0 Votes 1 Ans

Reliance Ltd. purchased machinery costing ₹ 1,35,000. It was agreed that the purchase consideration be paid by issuing 9% Debentures of ₹ 100 each

3.59K viewsAnurag Pathak Changed status to publish October 7, 2023[CBSE] Issue of Debenture

0 Votes 1 Ans

Ananya Ltd. purchased on established business for ₹ 2,00,000 payable as ₹ 65,000 by cheque and the balance by issuing 9% Debentures of ₹ 100 each a a discount of 10%

3.85K viewsAnurag Pathak Changed status to publish October 7, 2023[CBSE] Issue of Debenture

0 Votes 1 Ans

B Ltd. issued 9% Debentures of ₹ 100 each at a premium of 20% to Vendors for purchase of plant costing ₹ 6,00,000

3.73K viewsAnurag Pathak Changed status to publish October 7, 2023[CBSE] Issue of Debenture

0 Votes 1 Ans

Amrit Ltd. issued 1,000, 6% Debentures of ₹ 100 each to Amit and Bhaskar (Promoters) each for their services in incorporating the company

3.47K viewsAnurag Pathak Changed status to publish October 7, 2023[CBSE] Issue of Debenture

0 Votes 1 Ans

Joy Ltd. company bought a Building for ₹ 9,00,000 and the consideration was paid by issuing 10% Debentures of the nominal (face) value of ₹ 100 each at a discount of 10%

3.64K viewsAnurag Pathak Changed status to publish October 7, 2023[CBSE] Issue of Debenture

0 Votes 1 Ans

The Decor Ltd. issued 20,000, 6% Debentures of ₹ 100 each at 10% discount payable ₹ 30 on application, ₹ 40 (after discount) and balance as first and final call

3.74K viewsAnurag Pathak Changed status to publish October 7, 2023[CBSE] Issue of Debenture

0 Votes 1 Ans

Alka Ltd. issued 5,000, 10% Debentures of ₹ 1,000 each at a discount of 10% redeemable after 5 years

4.20K viewsAnurag Pathak Changed status to publish October 7, 2023[CBSE] Issue of Debenture

0 Votes 1 Ans

Linux Ltd. issued 12,000; 8% Debentures of ₹ 100 each at a discount of 5% payable as 25% on application; 20% on allotment and balance after three months

4.29K viewsAnurag Pathak Changed status to publish October 7, 2023[CBSE] Issue of Debenture

0 Votes 1 Ans

Kati Ltd. issued 8,000, 9% Debentures of ₹ 100 each at a discount of 10%. The full amount was payable on application

4.22K viewsAnurag Pathak Changed status to publish October 7, 2023[CBSE] Issue of Debenture

0 Votes 1 Ans

Pure Products Ltd. issued 30,000, 8% Debentures of ₹ 100 each at 10% premium for subscription

4.15K viewsAnurag Pathak Changed status to publish October 6, 2023[CBSE] Issue of Debenture

0 Votes 1 Ans

Iron Products Ltd. issued 5,000; 9% Debentures of ₹ 100 each at a premium of ₹ 40 payable as follows:

3.39K viewsAnurag Pathak Changed status to publish October 6, 2023[CBSE] Issue of Debenture

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