Question 36 Chapter 10 of +2-Part-1 36. (Redemption by issue of equity shares) Godrej Company on 1st January 2015 issued. 21,000 12% Debentures of Rs. 100 each. The debentures were redeemed on 31st December, 2015 by issuing equity shares of Read More …
Question 35 Chapter 10 of +2-Part-1 35. (Comprehensive) On 1st January 2015 a listed company made an issue of 500, 10% Debentures of Rs. 1,000 each at Rs. 960 per debentures. The terms of issue provided for the redemption of Read More …
Question 34 Chapter 10 of +2-Part-1 34. (Purchasing debentures in open market/Realisation of assets for redemption) A Company made an issue of 4,000, 12% debentures of Rs. 100 each at par. A sinking fund is being created to provide for Read More …
Question 33 Chapter 10 of +2-Part-1 33. (Purchases of own debentures/Journal) A company purchased as investment 500 10% Debentures of Rs. 100 each at Rs. 98 on 1 April 2015. Interest is payable annually on 31 March. These debentures were Read More …
Question 32 Chapter 10 of +2-Part-1 32. (Purchased & Held as an investment & cancelled) On 1 October, purchased its own 200 debentures as investment @ Rs. 97. These investment were cancelled on 31 March, 2016. Pass necessary entries. Ignore Read More …
Question 30 Chapter 10 of +2-Part-1 30. (Purchased own debentures for immediate cancellation) On 1st Jan., 2015, Satish Ltd. had 1,000 12 % Debentures of Rs. 100 each. Interest on debentures is payable half yearly on 30th June and 31st Read More …
Question 29 Chapter 10 of +2-Part-1 29. (Purchase of own debentures for immediate cancellation) On 31 March 2016 A company purchased for immediate cancellation 300 12% Debentures of Rs. 100 each at Rs. 96. Interest is payable on 31 March Read More …
Question 28 Chapter 10 of +2-Part-1 28. (Balances given/Ledger A/c/Sinking Fund) On June 30, 2015 the following balances stood in the books of XYZ & Co. Ltd.:10% 1st Mortgage Debentures Rs. 4,00,000; and Debentures Redemption Fund Rs. 4,26.100.The fund was Read More …
Question 27 Chapter 10 of +2-Part-1 27. (Redemption at Premium/Debenture Sinking Fund given/Ledger Accounts) Limited Company has outstanding Rs. 1,00,000 of 12% Debentures redeemable at the Company’s option on or after 1st January, 2015 at 105 per cent. Interest has Read More …
Question 26 Chapter 10 of +2-Part-1 26. (Debenture A/c/Debenture Redemption Fund A/c/Debenture Redemption Fund Investment A/e) The balance sheet of Vansh Ltd., disclosed the following information on 1.1.2017: 13% Debentures 7,00,000 Debenture redemption fund 5,00,000 Debenture redemption fund investments (interest Read More …