Question 33 Chapter 9 of +2-Part-1 33. (Interest on Debentures) Shveta Ltd. issued 40,000, 12% debentures of ₹ 100 each on 1st April, 2017. Interest on these debentures is paid half yearly i.e. on 30th June and 31st December. Pass Read More …
Question 32 Chapter 9 of +2-Part-1 32. (Debentures Issued as Collateral Security/Balance Sheet) Agra Shoe company issued 9,000 12% debentures of ₹ 100 each at 10% premium to the public and 4,000 10% debentures of ₹100 each as security against Read More …
Question 31 Chapter 9 of +2-Part-1 31. (Debentures Issued as Collateral Security/Balance Sheet) A company took a loan of ₹ 5,00,000 from bank @ 10% p.a. It issued 10 % 3,000 Debentures of Rs. 100 each as Show the relevant Read More …
Question 30 Chapter 9 of +2-Part-1 – USHA 30. (Debentures Issued as Collateral Security/Balance Sheet) Sudha Ltd., being in need of further capital made an issue of 7,500 10% Mortgage Debentures of Rs. 100 each secured on the fixed assets Read More …
Question 29 Chapter 9 of +2-Part-1 29. (Various Cases of Redemption) Journalise the following transactions: The face value of debenture is Rs. 1,000.40 debentures issued at Rs. 950 each, repayable at Rs. 1,000 each.(ii) 40 debentures issued at RS. 950 Read More …
Question 28 Chapter 9 of +2-Part-1 28. (Different cases of Issue of Debentures) Give journal entries in each of the following at Rs. 100.alternative cases assuming the face value of a debenture being Rs. 100. A 12% debenture issued at Read More …
Question 27 Chapter 9 of +2-Part-1 27. (Different cases of Issue of Debentures) How will you record the entries relating to issue of debentures in following cases.(i)Rs. 1,00,000 10% Debentures of Rs. 100 each issued at par redeemable at par.(ii) Read More …
Question 26 Chapter 9 of +2-Part-1 26. (Different Cases of Debentures issues for Purchase Consideration other the Cash)X Ltd. Took over the assets of Rs. 3,00,000 and Liabilities of Rs. 10,000 of Y Ltd. For agreed purchase consideration of Rs. Read More …
Question 25 Chapter 9 of +2-Part-1 – USHA 25. (Different Cases of Debentures issues for Purchase Consideration other than Cash) Suvidha Ltd. Purchased machinery Rs. 1,98,000 from Suppliers Ltd. The payment was to be made by issue of 12% Debentures Read More …
Question 24 Chapter 9 of +2-Part-1 24. (Issue of Debentures for consideration other than Cash/Balance Sheet) A limited company created RS. 1,00,000 debenture stock, which was issued as follows:(a) to sundry persons for cash at 90 % Rs. 50,000 nominal.(b) Read More …