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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
Pass the necessary Journal entry when 10,000 debentures of Rs 100 each are issued as collateral security against a Bank loan of Rs 8,00,000
_______ 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 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 debentures which are not converted into shares.
Select most appropriate alternative from those given below :
The debentures which are converted into shares is called____________.
State to whether the following statement is True/False.
The debenture holder is owner of the company.
State to whether the following statement is True/False.
The debentures are known as creditors ship capital of the company.
State to whether the following statement is True/False.
The unregistered debentures are known as naked debentures.
State to whether the following statement is True/False.
Unsecured debentures are safer than secured debentures.
Amar Ltd. issued 10,000 12% Debentures of Rs 100 each payable Rs 30 on application and remaining amount on allotment. The public applied for Rs 9,000 debentures which were fully allotted and on the relevant allotment money duly received. Give journal entries in the books of Amar Ltd.
Explain the meaning of debentures. State any four disadvantages of debentures.
A Debenture issued by a company by creating a fixed or a floating charge on the company's assets is known as ______.
