Advertisements
Advertisements
Question
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
Solution
|
Journal |
|||||
|
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
|
|
Debenture Suspense A/c |
Dr. |
|
10,00,000 |
|
|
|
To Debentures A/c |
|
|
10,00,000 |
|
|
|
(Issue of 10,000 debentures of Rs 100 each as |
|
|
|
|
|
|
collateral security against the bank loan of Rs 8,00,000) |
|
|
|
|
APPEARS IN
RELATED QUESTIONS
The debentures which are convertible into shares.
The debenture holder is owner of the company.
Give the meaning of Debenture?
Answer in a sentence only.
What is meant by debenture?
Answer in a sentence only.
What is meant by redemption of 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 of which the payment is not made until the winding up of company.
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
__________ is acknowledgment of debt under common seal of company.
Select most appropriate alternative from those given below ____________debentures which are recorded in register of company.
Write a word / term / phrase as a substitute of the following statement.
The acknowledgement of debt under common seal of company.
Answer the question.
Explain any five types of debentures through which a company can collect borrowed capital from the public.
Write Short Note on Secured Debentures
Explain any four types of debentures through which a public limited company can collect its borrowed capital from the public.
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.
