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प्रश्न
The Balance Sheet of Anjum Ltd. as at 31st March 2022, had outstanding 1,000, 8% Debentures of ₹ 100 each. These debentures were to be redeemed by the company on 31st March 2023. Give the journal entry for the amount due to the Debenture holders on 31st March 2023, including the interest on debentures due to them.
उत्तर
Outstanding Debentures = 1,000 of ₹ 100 each
= 1,000 × 100
= 1,00,000
Interest on debentures = `1,00,000xx8/100`
= ₹ 8,000
| Journal Entry | ||||
| Date | Particulars | L. F. | Dr. (₹) | Cr. (₹) |
| 2023 | ||||
| 31st March | 8% Debentures A/c ...Dr. | 1,00,000 | - | |
| Interest on Debentures A/c ...Dr. | 8,000 | - | ||
| To Debentureholders A/c | ||||
| (Being amount of debentures and interest thereon, made due to debentureholdets) |
- | 1,08,000 | ||
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संबंधित प्रश्न
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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 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.
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Pass necessary journal entries for the issue of 9% debentures and interest for the year ended 31st March, 2016.
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