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प्रश्न
C India Ltd. purchased machinery from B India Ltd. Payment to B India Ltd. was made as follows:
(i) By issuing 10,000 equity shares of Rs 10 each at a premium of 20%.
(ii) By issuing 1000, 9% debentures of Rs 100 each at a discount of 5%.
(iii) Balance by giving a bank draft of Rs 37,000.
Pass necessary journal entries in the books of C India Ltd. for the purchase of machinery and payment to B India Ltd.
उत्तर
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Journal In the books of C Ltd. |
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Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
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Machinery A/c |
Dr. |
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2,52,000 |
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To B Ltd. |
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2,52,000 |
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(Purchased machinery from B Ltd.) |
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B Ltd. (1,20,000 + 95,000 + 37,000) |
Dr. |
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2,52,000 |
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Discount on Issue of Debentures A/c (1,000 × 5) |
Dr. |
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5,000 |
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To Equity Share Capital A/c (10,000 × 10) |
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1,00,000 |
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To Securities Premium A/c (10,000 × 2) |
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20,000 |
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To 9% Debentures A/c (1,000 × 100) |
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1,00,000 |
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To Bank A/c |
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37,000 |
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(Issued 10,000 equity shares of Rs 10 each at a premium of 20%, issued 1,000 9% Debentures of Rs 100 each at a discount of 5% and balance by issuing a bank draft) |
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APPEARS IN
संबंधित प्रश्न
On 1st April, 2012; Vivek Ltd. Was formed with an authorized capital of Rs.1,00,00,000 divided into 2,00,000 equity shares of Rs.50 each. The company issued prospectus inviting applications for 1,80,000 shares. The issue price was payable as under:
On Application: Rs.15
On Allotment: Rs.20
On Call: Balance amount
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On application and allotment — Rs 20 per share
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