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प्रश्न
Pass the necessary journal entries for an issue of 1,000, 7% Debentures of `100 each in the following cases:
1) Issued at 5% premium redeemable at a premium of 10%.
2) Issued at a discount of 5% redeemable at par.
उत्तर
1)
| Journal | ||||
| Date | Particulars | L.F. |
Dr. Rs |
Cr. Rs |
|
Bank A/c Dr. To Debenture Application A/c (Being 1,000 debentures issued at Rs 100 at a premium of 5%) |
1,05,000
|
1,05,000
|
||
|
Debenture Application A/c Dr. Loss on Issue of Debentures A/c Dr. To 7% Debenture A/c To Securities Premium A/c To Premium on Redemption A/c (Being 1,000 debentures issued at a premium of 5% and redeemable at a premium of 10%) |
1,05,000 10,000
|
1,00,000 5,000 10,000
|
||
2)
| Journal | ||||
| Date | Particulars | L.F. |
Dr. Rs |
Cr. Rs |
|
Bank A/c Dr. To Debenture Application A/c (Being 1,000 debentures issued at Rs 100 at a premium of 5%) |
95,000
|
95,000
|
||
|
Debenture Application A/c Dr. Loss on Issue of Debentures A/c Dr. To 7% Debenture A/c (Being 1,000 debentures issued at a premium of 5% and redeemable at a premium of 10%) |
95,000 5,000
|
1,00,000
|
||
APPEARS IN
संबंधित प्रश्न
Debenture certificate must be issued within ___________ months of allotment.
TRK Ltd. issued 767, 9% debentures of Rs.100 each on 1-1-2016. Pass necessary journal entries for the issue of debentures in the following situations:
(a) When debentures were issued at a discount of 3% and were redeemable at a premium of 7%.
(b) When debentures were issued at a premium of 4% and were redeemable at a premium of 9%.
KTR Ltd., issued 365, 9% Debentures of `1,000 each on 4-3-2016. Pass necessary journal entries for the issue of debentures in the following situations:
(a) When debentures were issued at par redeemable at a premium of 10%.
(b) When debentures were issued at 6% discount redeemable at 5% premium.
On 2.3.2016 L and B Ltd. issued 635, 9% debentures of Rs.500 each. Pass necessary journal entries for the issue of debentures in the following situations:
(a) When debentures were issued at 5% discount, redeemable at 10% premium.
(b) When debentures were issued at 12% premium, redeemable at 6% premium.
VKR Ltd. issued 975; 9% Debentures of Rs 500 each on 4-3-2016. Pass necessary journal entries for the issue of debentures under the following situations :
(a) When debentures were issued at a premium of 10% redeemable at a premium of 6%.
(b) When debentures were issued at a par redeemable at 9% premium.
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Pass the necessary journal entries for the issue of debentures in the following cases:
Rs 30,000, 12% debentures of Rs 100 each issued at a discount of 5% redeemable at par.
Pass the necessary journal entries for the issue of debentures in the following cases:
Rs 60,000, 12% debentures of Rs 100 each issued at a discount of 5% redeemable at Rs 105.
A company with share capital must issue ...................... shares.
Match the correct pairs of words from group A and B :
| Group A | Group B |
| (a) Dividend | (1) Security about repayment |
| (b) Financial plan | (2) 1875 |
| (c) Secured debentures | (3) Return on investment of shareholders |
| (d) American depository receipt | (4) 1857 |
| (e) Establishment of Bombay Stock Exchange | (5) Management of business funds |
| (6) Repaid on maturity | |
| (7) Debenture certificate holder | |
| (8) Advance programming of financial management | |
| (9) A receipt is traded in a country other than the USA | |
| (10) A receipt is traded in the USA |
Write notes on Procedure for redemption of debentures.
State, with reasons, whether the following statements are True
or False (Any THREE) :
Convertible debentures can be converted into equity shares.
Define debenture. explain types of debentures.
Explain the secretarial procedure regarding issue of debentures.
While issuing _______ type of Debentures, company doesn’t give any undertaking for the repayment of money borrowed by issuing such debentures.
Elite Ltd. issued 20,000, 9% Debentures of ₹ 100 each at a discount of 10%, redeemable at a premium. On issue of these debentures, 'Loss on Issue of debentures account' was debited with ₹ 4,00,000. The premium on redemption of debentures is ______.
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Record the necessary journal entries in the books of Sinco Ltd. assuming that the debentures have been issued:
- At a discount of 10%.
- At a premium of 10%.
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- Issuing 8,000 8% Debentures of ₹ 100 each at 5% premium redeemable after 6 years @ ₹ 110; and
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