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Give Journal Entries in the Books of Amar Ltd. - Book Keeping and Accountancy

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प्रश्न

Amar Ltd. issued 10,000 12% Debentures of Rs 100 each payable Rs 30 on application and remaining amount on allotment. The public applied for Rs 9,000 debentures which were fully allotted and on the relevant allotment money duly received. Give journal entries in the books of Amar Ltd.

रोजनामा प्रविष्टि

उत्तर

                                            Book of Aman Ltd.
                                               Journal Entry

Date Particulars L.F. Debit Amount (Rs.) Credit Amount (Rs.)
  Bank A/c                                 Dr.
   To Debenture Application A/c
(Debenture application received on 9,000, 12% Debentures of Rs 30 each)
  270,000 270,000
  Debenture Application A/c     Dr.
       To 12% Debentures A/c
(Debenture application money transferred to 12% Debenture A/c)
    
  270,000 270,000
 

Debenture Allotment A/c       Dr.
   To 12% Debentures A/c
(Debenture allotment due on 9,000 12% Debenture of Rs 70 each)

  630,000 630,000
 

Bank A/c                                 Dr.
    To Debenture Allotment A/c
(Debenture allotment money received)

  630,000 630,000
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Meaning and Concept of Debentures
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 11: Company Accounts Part - 2 (Accounting for Debentures) - Exercise 5 [पृष्ठ ३७३]

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मायकल वाझ Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
अध्याय 11 Company Accounts Part - 2 (Accounting for Debentures)
Exercise 5 | Q 1 | पृष्ठ ३७३

संबंधित प्रश्न

Tata Ltd. issued 5,000, 10% Debentures of Rs 100 each on 1st April 2012. The issue was fully subscribed. According to the terms of issue, interest on debentures is payable half-yearly on 30th September and 31st March and tax deducted at source is 10%.
Pass the necessary journal entries related to the debenture interest for the half-yearly ending on 31st March 2013 and transfer of interest on debentures to Statement of Profit and Loss.


On 1.4.2015 PPR Ltd. issued 1500, 10% debentures of Rs 100 each at a discount of 3%, redeemable at a premium of 8% after three years. The company closes its books on 31st March every year. Interest on 10% debentures is payable on 30th September and 31st March. Rate of tax deducted at source is 10%.

Pass necessary journal entries for the issue of 10% debentures and interest for the year ended 31.3.2016


Pass the necessary Journal entry when 10,000 debentures of Rs 100 each are issued as collateral security against a Bank loan of Rs 8,00,000


Answer in a sentence only.
What is meant by debenture?


Answer in a sentence only.
What is a ‘Convertible Debenture’?


Answer in a sentence only.
What is meant by ‘Mortgaged Debenture’?


Answer in a sentence only.
What is meant by redemption of Debentures?


Answer in a sentence only.
What is meant by ‘Irredeemable Debentures?


Write one word/term/phrase which can substitute the following
The debentures where no charge is created on the assets of company.


Write one word/term/phrase which can substitute the following
The debentures which are converted in to shares.


Write one word/term/phrase which can substitute the following
The debentures which are not converted into shares.


Write one word/term/phrase which can substitute the following
The debentures which are registered in the register of company.


Write one word/term/phrase which can substitute the following
The debentures which are transferred by way of delivery.


Select most appropriate alternative from those given below
__________ is acknowledgment of debt under common seal of company.


Select most appropriate alternative from those given below ____________debentures which are recorded in register of company.


Select most appropriate alternative from those given below :
The debentures which are converted into shares is called____________.


State to whether the following statement is True/False.
The acknowledgement of debt under common seal of company in termed as share.


State to whether the following statement is True/False.
The debentures are known as creditors ship capital of the company.


State to whether the following statement is True/False.
The unregistered debentures are known as naked debentures.


State to whether the following statement is True/False.
Unsecured debentures are safer than secured debentures.


Mahakali Co. Ltd. Chandrapur issued 1,000, 12% debentures of  Rs.100 each, payable Rs. 20 on application and the balance on allotment. Applications were received for 1,500 debentures, out of which, applications for 900 were allotted fully, applications for 400 were allotted 100 debentures and remaining were rejected. All dues received.
Journalise the transactions and also show Balance Sheet.

Write Short Note on Secured Debentures


Explain any four types of debentures through which a public limited company can collect its borrowed capital from the public.


Random Ltd. took over running business of Mature Ltd. comprising of Assets of ₹ 45,00,000 and Liabilities of ₹ 6,40,000 for a purchase consideration of ₹ 36,00,000. The amount was settled by bank draft of ₹ 1,50,000 and balance by issuing 12% preference shares of ₹ 100 each at 15% premium. Pass entries in the books of Random Ltd.


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