Question 05 Chapter 10 of +2-A
5. Export-Import Bank of India EXIM Bank issued 20,000, 10% Debentures of 100 each Through public issue and 10,000, 10% Debentures of 100 each through private placement . State the amount of investment to be made by EXIM Bank before redemption of debentures.
The solution of Question 05 Chapter 10 of +2-A: –
The Companies Act, 2013 exempts Banking Companies to invest in specified securities. Under this act, the Banking companies cannot issue or invest any type of securities to the public or private sectors. There are Some Specific securities in which the Banking Companies make an investment. In this case, we not make an account or not pass journal entries in the books.
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Also, Check out the solved question of previous Chapters: –
T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)
- Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
- Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
- Chapter No. 3 – Goodwill: Nature and Valuation
- Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
- Chapter No. 5 – Admission of a Partner
- Chapter No. 6 – Retirement/Death of a Partner
- Chapter No. 7 – Dissolution of a Partnership Firm
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
- Chapter No. 4 – Accounting Ratios
- Chapter No. 5 – Cash Flow Statement
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