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प्रश्न
Amrit Ltd . was promoted by Amrit and Bhaskar with an authorised capital of ₹ 10,00,000 divide into 1,00,000 shares of ₹ 10 each.
The company decided to issue 1,000,6% Debentures of ₹ 100 each to Amrit and Bhaskar each for their services in incorporating the company.
Pass journal entry.
उत्तर
Journal
|
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
|
|
|
Incorporation Cost A/c (2,000 × 100) |
Dr. |
|
2,00,000 |
|
|
|
To 6% Debentures A/c |
|
|
|
2,00,000 |
|
|
( Debentures issued to promoters) |
|
|
|
|
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संबंधित प्रश्न
A company issues the following debentures:
(i) 10,000, 12% debentures of Rs 100 each at par but redeemable at premium of 5% after 5 years;
(ii) 10,000, 12% debentures of Rs 100 each at a discount of 10% but redeemable at par after 5 years;
(iii) 5,000, 12% debentures of Rs 1,000 each at a premium of 5% but redeemable at par after 5 years;
(iv) 1,000, 12% debentures of Rs 100 each issued to a supplier of machinery costing Rs 95,000. The debentures are repayable after 5 years; and
(v) 300, 12% debentures of Rs 100 each as a collateral security to a bank which has advanced a loan of Rs 25,000 to the company for a period of 5 years.
Pass the journal entries to record the: (a) issue of debentures; and (b) repayment of debentures after the given period.
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Pass necessary Journal entries for the above transactions in the books of Narain Laxmi Ltd.
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You are required to give Journal entries and prepare Cash Book.
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Discount on issue of debentures is shown under the following head in the Balance Sheet?
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Pick the odd one out.
Loss on issue of debentures is treated as ______.
Maximum limit on premium on issue of debentures is ______.
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