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प्रश्न
Anthony Ltd. issued 20,000, 9% Debentures of ₹ 100 each at 10% discount to Mithoo Ltd. from whom Assets of ₹ 23,50,000 and Liabilities of ₹ 6,00,000 were taken over. Pass entries in the books of Anthony Ltd. if these debentures were to be redeemed at 5% premium.
उत्तर
| Books of Anthony Ltd. Journal Entries |
||||
| Date | Particulars | L.F. | Dr. (₹) | Cr. (₹) |
| 1. | Assets A/c ...Dr. | 23,50,000 | ||
| Goodwill A/c ...Dr. | 50,000 | |||
| To Liabilities A/c | 6,00,000 | |||
| To Mithoo Ltd. A/c | 18,00,000 | |||
| (Business purchased of Mithoo Ltd. comprising of Assets and Liabilities) | ||||
| 2. | Mithoo Ltd. A/c ...Dr. | 18,00,000 | ||
| Loss on Issue of Debentures A/c ...Dr. | 3,00,000 | |||
| To 9% Debentures A/c | 20,00,000 | |||
| To Premium on Redemption of Debentures A/c | 1,00,000 | |||
| (Debentures issued to Mithoo Ltd. at Discount, redeemable at Premium) | ||||
संबंधित प्रश्न
The debentures which are convertible into shares.
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%.
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Give any one advantage for the redemption of debentures by purchase in the open market?
_______ is an acknowledgement of debt under common seal of a company.
Answer in a sentence only.
What do you mean by Bearer Debenture?
Answer in a sentence only.
What is a ‘Convertible 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 of which payment is made on the expiry of specific period.
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.
Select most appropriate alternative from those given below :
The debentures which are converted into shares is called____________.
Select most appropriate alternative from those given below :
__________ debentures which are not secured against any charge on asset of the company.
Select most appropriate alternative from those given below :
The debenture holder is ___________ of the company.
Give the word / term or phrase which can substitute the following statement.
The debentures which are converted into shares.
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 ______.
