Questions Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Journalise the following transactions: (i) 400 debentures issued at ₹ 960 each, repayable at ₹ 1,000 each 321 viewsAnurag Pathak Changed status to publish November 23, 2024DK Goel Issue of Debentures 0 Votes 1 Ans Issued ₹ 4,00,000, 9% debentures of ₹ 100 each at a premium of 8% redeemable at 10% premium 260 viewsAnurag Pathak Changed status to publish November 23, 2024DK Goel Issue of Debentures 0 Votes 1 Ans Z Ltd. issued 20,000, 12% Debentures of ₹ 100 each. Give journal entries if the Debentures are (1) issued at par, (2) issued at a discount of 10% 299 viewsAnurag Pathak Changed status to publish November 23, 2024DK Goel Issue of Debentures 0 Votes 1 Ans X Ltd. raised a bank loan of ₹ 10,00,000 and issued by way of collateral security 10,000, 12% Debentures of ₹ 100 each 367 viewsAnurag Pathak Answered question November 22, 2024DK Goel Issue of Debentures 0 Votes 1 Ans A company took a loan of ₹ 5,00,000 from State Bank of India and issued 10% debentures of ₹ 8,00,000 of ₹ 100 each as a collateral security 329 viewsAnurag Pathak Answered question November 22, 2024DK Goel Issue of Debentures 0 Votes 1 Ans Oberoi Ltd. took certain fixed assets of ₹ 6,30,000 from Vikram Ltd. and allotted 6,000, 12% Debentures at a premium of 5% to satisfy the purchase consideration 284 viewsAnurag Pathak Answered question November 22, 2024DK Goel Issue of Debentures 0 Votes 1 Ans X Ltd. took over assets of ₹ 5,00,000 and liabilities of ₹ 1,00,000 of another company at an agreed price of ₹ 3,80,000 308 viewsAnurag Pathak Answered question November 22, 2024DK Goel Issue of Debentures 0 Votes 1 Ans A company purchased assets of the book value of ₹ 6,00,000 and took over liabilities of ₹ 1,50,000 from Golden Ltd 310 viewsAnurag Pathak Answered question November 22, 2024DK Goel Issue of Debentures 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 264 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 ₹ 36,00,000 276 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 233 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 252 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 206 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 249 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 332 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 268 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 ₹ 5 304 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 284 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 283 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 281 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 316 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. 269 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 251 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 ₹ 10,00,000 310 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. 269 viewsAnurag Pathak Answered question November 19, 2024DK Goel Issue of Debentures « Previous 1 2 … 6 7 8 9 10 … 169 170 Next » Question and answer is powered by anspress.net
