Login
Subject: Accountancy, asked on 5/2/18

Plz help
8. Give journal entries for issue of debentures and also prepare balance sheet for :
Issued 1,000 7% Debentures at 5% premium, redeemable at a premium of 8%.

Subject: Accountancy, asked on 27/1/18

Please solve the question.

Question No. 14

(a) Axx Ltd. issued 450, 10% debentures of Rs 100 each at a premium of 15% on January 01, 2011 with a term redeemable at premium of 25% after four years. At the end of the second year, 150 debentures were redeemed. Pass the necessary Journal entries in the books of the company regarding interest on debentures and redemption of debentures for the period January 2011 to December 2012 assuming that there is sufficient balance in the DRR

(b) Ritik Ltd. purchased the following assets and liabilities of Zara Ltd. for a purchase consideration of
Rs 12,00,000. 
 

Subject: Accountancy, asked on 27/1/18

Please solve this question

Subject: Accountancy, asked on 19/1/18

How to calculate interest on debenturee question tds and debenture holder quedtion not cfs

Subject: Accountancy, asked on 17/1/18

In conversion of debentures when we give reverse back when deb are converted before maturity.what are the conditions that needs to be satisfied. For eg should it be fully convertable

Subject: Accountancy, asked on 14/1/18

hevkel ltd.redeemed rs 100000 , 13%debentures of rs .100 each ar 110%by converting them into equity shares of rs.50 each issued at a premium if 10%

Subject: Accountancy, asked on 13/1/18

X Ltd. issued 10,000 10% debentures of ₹100 each as collateral security for a loan of ₹8,00,000 from Y Bank. The company was unable to pay the loan on which interest payable was ₹2,00,000. Y bank exercised the right vested in it by way of debentures being issued as collateral security.
Pass necessary journal entries???

Subject: Accountancy, asked on 13/1/18

In case involving issue of debentures as collayetal, if not mentioned, we pass journal entry by default or not?

Subject: Accountancy, asked on 13/1/18

51. On 1st May, 2016, Goodluck Ltd. issued 16,000, 9% Debentures of Rs. 100 each at a discount of redeemable after five years. All the debentures were subscribed and allotment was made. Discount on issue of Debentures is to be written off over the life of the debentures. 

Prepare the Balance Sheet (extract) as at 31st March, 2017 showing Discount on Issue of Debentures.

(Ans: Non-current (Other Non-current Assets) Rs. 96,000; Current Assets: 
(Other Current Assets)— Rs. 32,000; Statement of Profit and  Loss - Rs. 32,000)

Subject: Accountancy, asked on 13/1/18


Q. Om 1st April, 2014, X Ltd. issued 1,000, 10% Debentures of Rs. 100 each at a discount of 10% redeemable ar par. Show the 'Discount on issue of Debentures Account' if (a) such debentures are redeemable after 4 years, and (b) such debentures are redeemable by equal annual drawings in 4 years. X Ltd. follows financial year as its accounting year. 

Subject: Accountancy, asked on 11/1/18

What will be the allotment entry? Please explain.
Q.11. Alka Ltd. issued 5,000, 10 % Debentures of Rs. 1,000 each at a discount of 10 % redeemable at a premium of 5 % after 5 years. According to the terms of issue Rs. 500 was payable on application and the balance amount on allotment of debentures. Record necessary entries regarding issue of 10 % Debentures.

Subject: Accountancy, asked on 9/1/18

Please ans this ques ..bit confusing

Subject: Accountancy, asked on 2/1/18

Answer question number 14

Q14. In 1st April, 2011,Khanak Ltd. issued 10,000; 10% debentures of Rs. 100 each at 95% and redeemable at premium of 10% after 5 year and offered the holders an option to convert their holdings into equity shares of Rs. 10 each at a premium of 25% after 31st March, 2016 25%, of the holders exercised their option.

      Give necessary journal entries both at the time of issue and at the time of conversion.
 

Subject: Accountancy, asked on 1/1/18

I have difficulty in writing dates in redemption of debentures ...like when drr is created and when drr is transfered in GR ...please help me with dates

Subject: Accountancy, asked on 31/12/17

state the value indicated while creating “Loss on issue of debentures account”.

12345
What are you looking for?