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प्रश्न
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.
उत्तर
| Books of Random Ltd. Journal Entries | ||||
| Date | Particulars | L.F. | Dr. (₹) | Cr. (₹) |
| 1. | Assets A/c ...Dr. | 45,00,000 | ||
| To Liabilities A/c | 6,40,000 | |||
| To Mature Ltd. A/c | 36,00,000 | |||
| To Capital Reserve A/c | 2,60,000 | |||
| (Business purchased of Mithoo Ltd. comprising of Assets and Liabilities) |
||||
| 2. | Mature Ltd. A/c ...Dr. | 36,00,000 | ||
| To Bank A/c | 1,50,000 | |||
| To 12% Preference Share Capital A/c | 30,00,000 | |||
| To Securities Premium A/c | 4,50,000 | |||
| (Debentures issued to Mithoo Ltd. at Discount, redeemable at Premium) |
||||
No. of Shares = `(34,50,000)/115` = 30,000 shares @ 100 + 15 each
संबंधित प्रश्न
The debenture holder is owner of the company.
On 1st April 2014, KK Ltd. invited applications for issuing 5,000 10% debentures of Rs 1,000 each at a discount of 6%. These debentures were repayable at the end of the 3rd year at a premium of 10%. Applications for 6,000 debentures were received and the debentures were allotted on pro-rata basis to all the applicants. Excess money received with applications was refunded.
The directors decided to transfer the minimum amount to Debenture Redemption Reserve on 31.3.2016. On 1.4.2016, the company invested the necessary amount in 9% bank fixed deposit as per the provisions of the Companies Act 2013. A tax was deducted at source by bank on interest @10% p.a.
Pass the necessary journal entries for issue and redemption of debentures. Ignore entries relating to writing off a loss on issue of debentures and interest paid on debentures.
Answer in a sentence only.
What do you mean by Bearer Debenture?
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 acknowledgment of debt under common seal of company.
Write one word/term/phrase which can substitute the following
The debentures of which payment is made on the expiry of specific period.
Write one word/term/phrase which can substitute the following
The debentures of which the payment is not made until the winding up of company.
Write one word/term/phrase which can substitute the following
The debentures which are converted in to shares.
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 debenture holder is ___________ of the company.
State to whether the following statement is True/False.
The amount of irredeemable debentures is not paid in the life time of the company.
State to whether the following statement is True/False.
Unsecured debentures are safer than secured debentures.
Write Short Note on Secured Debentures
A Debenture issued by a company by creating a fixed or a floating charge on the company's assets is known as ______.
