Issue and Redemption of Debentures

CBSE Class 12 Accountancy · every board question from this chapter, 2022–2026

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Universal Ltd. took over machinery of ₹ 3,30,000, furniture of ₹ 1,60,000 and liabilities of ₹ 80,000 from Amol Ltd. for a…2026
Nigam Ltd. issued 40,000, 11% Debentures of 100 each at a certain rate T of discount. The debentures were to be redeemed at 20%…2026
Universal Ltd. took over machinery of 3,30,000, furniture of ₹ 1,60,000 and liabilities of ₹ 80,000 from Amol Ltd. for a purchase…2026
On 1st April, 2024 Vinar Ltd. issued ₹ 5,00,000, 9% debentures of 5 100 each at 10% discount. Interest is payable half yearly on…2026
Bishan Ltd. acquired assets worth ₹ 12,60,000 and took over liabilities of ₹ 2,40,000 of Nimi Ltd. for a purchase consideration…2026
Nigam Ltd. issued 40,000, 11% Debentures of 100 each at a certain rate t of discount. The debentures were to be redeemed at 20%…2026
debentures refer to those debentures where a charge is created on the assets of the company for the purpose of payment in case of…2026
Xiom Ltd. issued 30,000, 12% debentures of ₹ 100 each at a certain rate of discount, redeemable at 10% premium after three years.…2026
On 1st April, 2024, Mobi Ltd. issued 3,000, 9% Debentures of ₹ 1,000 each at a premium of 5%. The total amount of interest due on…2026
Which of the following is not correct about collateral security? OR 'A company is formed according to the provisions of Company…2026
Xiom Ltd. issued 30,000, 12% debentures of ₹ 100 each at a certain rate of discount, redeemable at 10% premium after three years.…2026
debentures refer to those debentures where a charge is created on the assets of the company for the purpose of payment in case of…2026
debentures refer to those debentures where a charge is created on the assets of the company for the purpose of payment in case of…2026
On 1st April, 2024, Mobi Ltd. issued 3,000, 9% Debentures of ₹ 1,000 each at a premium of 5%. The total amount of interest due on…2026
On 1st April, 2024 Vinar Ltd. issued ₹ 5,00,000, 9% debentures of 3 100 each at 10% discount. Interest is payable half yearly on…2026
On 1st April, 2024, Dina Ltd. issued 8,000, 9% debentures of ₹ 100 each at a discount of 6%. The total amount of interest due on…2026
Nigam Ltd. issued 40,000, 11% Debentures of 100 each at a certain rate T of discount. The debentures were to be redeemed at 20%…2026
On IS April, 2024, Kedar Ltd. issued 7,000, 8% debentures of ₹ 100 each at a discount of 10%. The total amount of interest due on…2026
On 1st April, 2024, Rajat Ltd. issued 6,000, 10% debentures of ₹ 100 each at a discount of 8%. The total amount of interest due…2026
On 1st April, 2024, DD Ltd. issued 2,000, 9% Debentures of t 50 each at a premium of 5%, redeemable at a premium of "f 10 per…2026
Bishan Ltd. acquired assets worth ₹ 12,60,000 and took over liabilities of ₹ 2,40,000 of Nimi Ltd. for a purchase consideration…2026
Manas Ltd. issued 60,000, 10% Debentures of T 100 each at a premium of 8%, redeemable at a premium of 5%. 'Loss on Issue of…2026
Deep Ltd. issued 6,000, 9% Debentures of 500 each at 490 per T T debenture. 9% Debentures Account will be credited by:2026
Novelty Ltd. issued 3,000, 11% Debentures of 500 each at 450 per T t debenture. 11% Debentures Account will be credited by:2026
On 1st April, 2024 Vinar Ltd. issued ₹ 5,00,000, 9% debentures of ₹ 100 each at 10% discount. Interest is payable half yearly on…2026
Delta Ltd. issued 5,000, 10% Debentures of 500 each at 450 per T T debenture. 10% Debentures Account will be credited by:2026
On 1st April, 2024, MM Ltd. issued 4,000, 9% Debentures of 50 each at a premium of 5%, redeemable at a premium of 10 per…2026
Nishi Ltd. issued 80,000, 11% Debentures of T 100 each at a premium of 9%, redeemable at a premi um of 7%. 'Loss on Issue of…2026
On 1st April, 2024, EE Ltd. issued 3,000, 9% Debentures of t 50 each at a premium of 5%, redeemable at a premium of T 10 per…2026
Amik Ltd. issued 70,000, 9% Debentures of 100 each at a premium of T 5%, redeemable at a premium of 10%. 'Loss on Issue of…2026
Sana Ltd. purchased assets of ₹ 19,00,000 from MN Ltd. Sana Ltd. issued 10% Debentures of 100 each at a discount of 5% in full…2026
Mogra Ltd. purchased assets of ₹ 14,40,000 from DK Ltd. It issued 9% Debentures of 100 each at a discount of 4% in full…2026
Misha Ltd. purchased assets of ₹ 18,80,000 from Vibo Ltd. Misha Ltd. issued 11% Debentures of T 100 each at a discount of 6% in…2026
Bishan Ltd. acquired assets worth ₹ 12,60,000 and took over liabilities of ₹ 2,40,000 of Nimi Ltd. for a purchase consideration…2026
Universal Ltd. took over machinery of ₹ 3,30,000, furniture of 1,60,000 and liabilities of 80,000 from Amol Ltd. for a purchase…2026
Disha Ltd. purchased furniture worth ₹ 2,85,000 from Gupta Ltd. The purchase consideration was paid by issue of 7% Debentures of…2026
Glaze Ltd. purchased land and building worth ₹ 3,84,000 from Sia Ltd. The purchase consideration was paid by issue of 8%…2026
On 1st April, 2024, Mobi Ltd. issued 3,000, 9% Debentures of ₹ 1,000 each at a premium of 5%. The total amount of interest due on…2026
White Ltd. purchased Plant and Machinery worth ₹ 3,96,000 from Nath Ltd. The purchase consideration was paid by issue of 9%…2026
Which of the following is not correct about collateral security? OR 'A company is formed according to the provisions of Company…2026
Which of the following is not correct about collateral security? OR 'A company is formed according to the provisions of Company…2026
Xiom Ltd. issued 30,000, 12% debentures of ₹ 100 each at a certain rate of discount, redeemable at 10% premium after three years.…2026
Kiara Ltd. purchased assets worth 12,40,000 and took over liabilities of 3,40,000 of Amrex Ltd. for a purchase consideration of ₹…2026
Oasis Ltd. purchased building worth ₹ 12,00,000, machinery worth 1,90,000 and furniture worth ₹ 3,00,000 from Nitara Ltd. and…2026
Miraya Ltd. took over assets of ₹ 70,00,000 and liabilities of ₹ 12,00,000 of Vishal Ltd. for a purchase consideration of ₹…2026
Miraya Ltd. took over assets of ₹ 70,00,000 and liabilities of ₹ 12,00,000 of Vishal Ltd. for a purchase consideration of ₹…2026
Miraya Ltd. took over assets of ₹ 70,00,000 and liabilities of ₹ 12,00,000 of Vishal Ltd. for a purchase consideration of ₹…2026
Oasis Ltd. purchased building worth ₹ 12,00,000, machinery worth ₹ 1,90,000 and furniture worth ₹ 3,00,000 from Nitara Ltd. and…2026
Kiara Ltd. purchased assets worth ₹ 12,40,000 and took over liabilities of 3,40,000 of Amrex Ltd. for a purchase consideration of…2026
Kiara Ltd. purchased assets worth 12,40,000 and took over liabilities of 3,40,000 of Amrex Ltd. for a purchase consideration of ₹…2026
Oasis Ltd. purchased building worth ₹ 12,00,000, machinery worth ₹ 1,90,000 and furniture worth ₹ 3,00,000 from Nitara Ltd. and…2026
Pass necessary journal entries in the books of Mitali Ltd. for issue of debentures in the following cases: (i) Issued 7,000, 9%…2026
On 1st April, 2024 Divya Ltd. invited applications for issuing 10,000, 8% debentures of ₹ 10 each at a discount of 6%. These…2026
Pass necessary journal entries in the books of Mitali Ltd. for issue of debentures in the following cases: (i) Issued 7,000, 9%…2026
On 1st April, 2024, Smaran Ltd. issued 60,000, 11% Debentures of 100 t each at a premium of 10%, redeemable at par after five…2026
On 1st April, 2024 Bhumika Ltd. issued 500, 9% debentures of ₹ 500 each at a discount of 10% redeemable at a premium of 6% after…2026
Pass necessary journal entries for issue of debentures for the following transactions: (i) KL Ltd. issued 80,000, 9% Debentures…2026
Pass necessary journal entries for issue of debentures for the following transactions: (i) AB Ltd. issued 30,000, 10% Debentures…2026
Pass necessary journal entries for issue of debentures for the following transactions: (i) AB Ltd. issued 30,000, 10% Debentures…2026
Pass necessary journal entries for issue of debentures for the following transactions: (i) AS Ltd. issued 60,000, 9% Debentures…2026
Pass necessary journal entries for issue of debentures for the following transactions: (i) AB Ltd. issued 30,000, 10% Debentures…2026
Pass necessary journal entries for the issue of debentures for the following transactions: (i) XS Ltd. issued 40,000, 9%…2026
On 1st April, 2024, Kavita Ltd. issued 40,000, 9% Debentures of t 100 each at a premium of 8%, redeemable at par after 5 years.…2026
On 1st April 2024, Yash Ltd. invited applications for issuing 20,000, 9% debentures of ₹ 100 each at a discount of 6%. These…2026
On 1st April, 2024, Deendayal Ltd. issued 80,000, 10% Debentures of t 100 each at a premium of 9%, redeemable at par after 6…2026
Pass necessary journal entries in the books of Mitali Ltd. for issue of debentures in the following cases: (i) Issued 7,000, 9%…2026
On 1st April 2023, Veebee Ltd. issued 20,000, 13% debentures of 5 100 each at a discount of 10% redeemable at a premium of 5%…2025
On 1st October, 2024, Nirmal Ltd. issued 6,000, 11% Debentures of 100 each at a premium of 10%, redeemable at a premium of 10%.…2025
Paratigm Ltd. issued 40,000, 11% debentures of 100 each at a discount 2 of 5%, redeemable at a premium. On issue of these…2025
Debentures in respect of which all details including names, addresses and particulars of holding of the debenture holders are…2025
On 1st April, 2023, Viya Ltd. issued 20,000, 10% debentures of 2 100 each at a premium of 10%. The total amount of interest on…2025
Debentures which can be transferred by way of delivery and the company does not keep any record of the debentureholders are…2025
On 1st April, 2023, Viya Ltd. issued 20,000, 10% debentures of 3 100 each at a premium of 10%. The total amount of interest on…2025
On 1st April, 2023, Mudra Ltd. issued 9,000, 12% Debentures of 100 each at 10% premium, redeemable at a premium of 10% after 4…2025
On 1st April, 2023, Mudra Ltd. issued 9,000, 12% Debentures of 100 each at 10% premium, redeemable at a premium of 10% after 4…2025
Paratigm Ltd. issued 40,000, 11% debentures of 100 each at a discount 3 of 5%, redeemable at a remit. On issue of these…2025
Debentures which can be transferred by way of delivery and the company does not keep any record of the debentureholders are…2025
The debentures that can be transferred by way of delivery and the company does not keep any record of the debentures holders are…2025
Debentures in respect of which all details including names, addresses and particulars of holding of the debenture holders are…2025
On 1st October, 2024, Nirmal Ltd. issued 6,000, 11% Debentures of T 100 each at a premium of 10%, redeemable at a premium of 10%.…2025
Shyamla Ltd. purchased machinery of ₹ 9,50,000 from Rohini Ltd. The payment was made by issue of 9% debentures of 100 each at a…2025
On 1st April 2023, Veebee Ltd. issued 20,000, 13% debentures of ₹ 100 each at a discount of 10% redeemable at a premium of 5%…2025
On 1st October, 2024, Nirmal Ltd. issued 6,000, 11% Debentures of T 100 each at a premium of 10%, redeemable at a premium of 10%.…2025
The debentures that can be transferred by way of delivery and the company does not keep any record of the debentures holders are…2025
Debentures in respect of which all details including names, addresses and particulars of holding of the debenture holders are…2025
Paratigm Ltd. issued 40,000, 11% debentures of 100 each at a discount Q of 5%, redeemable at a premium. On issue of these…2025
Shyamla Ltd. purchased machinery of ₹ 9,50,000 from Rohini Ltd. The payment was made by issue of 9% debentures of r 100 each at a…2025
The following journal entry appears in the books of Latvion Ltd. Dr. Cr. Date Particulars Amount Amount (Q) (Q) Bank A/C. Dr.…2025
On 1st April, 2023, Mudra Ltd. issued 9,000, 12% Debentures of 100 each at 10% premium, redeemable at a premium of 10% after 4…2025
On 1st April, 2023, Viya Ltd. issued 20,000, 10% debentures of 2 100 each at a premium of 10%. The total amount of interest on…2025
Debentures which can be transferred by way of delivery and the company does not keep any record of the debentureholders are…2025
Shivalik Ltd. issued 7% debentures of 100 each at a discount of? 5% on 1st April, 2023. Discount on issue of debentures, ₹…2025
On 1st April 2023, Veebee Ltd. issued 20,000, 13% debentures of ₹ 100 each at a discount of 10% redeemable at a premium of 5%…2025
Debentures on which a company does not give any undertaking for the repayment of money borrowed are called: OR If the amount of…2025
On 1st April, 2024, Bright Ltd. issued 20,000, 11% debentures of 3 100 each at a premium of 10%, redeemable at a premium of 10%.…2025
The debentures that can be transferred by way of delivery and the company does not keep any record of the debentures holders are…2025
Shivalik Ltd. issued 7% debentures of 2 100 each at a discount of 5% on 1st April, 2023. Discount on issue of debentures, ₹…2025
Shyamla Ltd. purchased machinery of 9,50,000 from Rohini Ltd. The payment was made by issue of 9% debentures of T 100 each at a…2025
The following journal entry appears in the books of Latvion Ltd. Dr. Cr. Date Particulars Amount (₹) Amount (₹) Bank A/C. Dr.…2025
On 1st April, 2024, Bright Ltd. issued 20,000, 11% debentures of 2 100 each at a premium of 10%, redeemable at a premium of 10%.…2025
Debentures on which a company does not give any undertaking for the repayment of money borrowed are called: OR If the amount of…2025
Shivalik Ltd. issued 7% debentures of 100 each at a discount of 2 5% on 1st April, 2023. Discount on issue of debentures, ₹…2025
Debentures on which a company does not give any undertaking for the repayment of money borrowed are called: OR If the amount of…2025
On 1st April, 2024, Bright Ltd. issued 20,000, 11% debentures of ₹ 100 each at a premium of 10%, redeemable at a premium of 10%.…2025
The following journal entry appears in the books of Latvion Ltd. Dr. Cr. Date Particulars Amount Amount (?) (?) Bank A/C. Dr.…2025
Delight Ltd. purchased assets worth ₹ 4,00,000 and took over liabilities of ₹ 70,000 of Marvel Ltd. for a purchase consideration…2025
On 1st April, 2024, Varsha Ltd. purchased from Rama Ltd., furniture at % 12,00,000 and machinery at % 20,00,000. It also took…2025
KM Ltd. acquired assets worth ₹ 7,20,000 and took over liabilities of 2,00,000 of LS Ltd. for a purchase consideration of…2025
Delight Ltd. purchased assets worth ₹ 4,00,000 and took over liabilities of ₹ 70,000 of Marvel Ltd. for a purchase consideration…2025
Delight Ltd. purchased assets worth ₹ 4,00,000 and took over liabilities of ₹ 70,000 of Marvel Ltd. for a purchase consideration…2025
Apoorv Ltd. ac uired building worth ₹ 15,50,000, Machinery worth ₹ 11,40,000 and Furniture worth ₹ 1,10,000 from Dhruv Ltd. and…2025
On 1st April, 2024, Varsha Ltd. purchased from Rama Ltd., furniture at ₹ 12,00,000 and machinery at ₹ 20,00,000. It also took…2025
Mallark Ltd. purchased assets of book value ₹ 40,00,000 and took over liabilities of ₹ 5,00,000 from Naroha Ltd. It was agreed…2025
Mallark Ltd. purchased assets of book value ₹ 40,00,000 and took over liabilities of ₹ 5,00,000 from Naroha Ltd. It was agreed…2025
Sandhya Ltd. took over the assets of 50,00,000 and liabilities of 7,00,000 of Guman Ltd. for purchase consideration of 40,00,000.…2025
KM Ltd. acquired assets worth 7,20,000 and took over liabilities of ₹ 2,00,000 of LS Ltd. for a purchase consideration of ₹…2025
Apoorv Ltd. ac uired building worth ₹ 15,50,000, Machinery worth ₹ 11,40,000 and Furniture worth ₹ 1,10,000 from I)hruv Ltd. and…2025
KM Ltd. acquired assets worth 7,20,000 and took over liabilities of ₹ 2,00,000 of LS Ltd. for a purchase consideration of ₹…2025
On 1st April, 2024, Varsha Ltd. purchased from Rama Ltd., furniture at 12,00,000 and machinery at ₹ 20,00,000. It also took over…2025
Mallark Ltd. purchased assets of book value ₹ 40,00,000 and took over liabilities of ₹ 5,00,000 from Naroha Ltd. It was agreed…2025
Sandhya Ltd. took over the assets of ₹ 50,00,000 and liabilities of ₹ 7,00,000 of Guman Ltd. for purchase consideration of ₹…2025
Sandhya Ltd. took over the assets of ₹ 50,00,000 and liabilities of ₹ 7,00,000 of Guman Ltd. for purchase consideration of ₹…2025
Apoorv Ltd. acquired building worth ₹ 15,50,000, Machinery worth ₹ 11,40,000 and Furniture worth ₹ 1,10,000 from Dhruv Ltd. and…2025
Ridyum Limited issued 5,000, 9% debentures of ₹ 500 each at a premium of 10%. The amount was payable as fellows: On Application -…2025
PQ Ltd. invited applications for issuing 6,000, 11% debentures of 100 3 each at a premium of 2 10 per debenture. The amount was…2025
Pass necessary journal entries for the issue of debentures in the books of ZX Ltd. for the following transactions: (i) Issued…2025
Pass necessary journal entries for issue of debentures for the following transactions (i) Kiero Ltd. issued 80,000, 9% debentures…2025
Pass necessary journal entries for issue of debentures for the following transactions (i) Kiero Ltd. issued 80,000, 9% debentures…2025
CD Ltd. invited applications for issuing 2,000, 12% debentures of 100? each at a premium of 3 10 per debenture. The amount was…2025
Pass necessary journal entries for the issue of debentures in the books of NK Ltd. for the following transactions: (i) Issued…2025
EF Ltd. invited applications for issuing 4000, 10% debentures of 100 2 each at a premium of 10 per debenture. The amount was…2025
Swar Sangam Limited issued 3,000, 9% debentures of ₹ 500 each at a premium of 10%. The amount was payable as follows: On…2025
Pass necessary journal entries for the issue of debentures in the books of RN Ltd. for the following transactions: (i) Issued…2025
Sargam Limited issued 2,000, 9% debentures of ₹ 500 each at a premium of 10%. The amount was payable as follows: On Application -…2025
On 1st April, 2023, SM Ltd. issued 30,000, 12% debentures of 100 each at a premium of 10%, redeemable at par after four years.…2025
On 1st April, 2023, YK Ltd. issued 20,000, 9% debentures of 100 each at a premium of 5%, redeemable after five years at par. The…2025
On 1st April, 2023, GI Ltd. issued 40,000, 12% debentures of 100 each 3 at a premium of 10%, redeemable at par after five years.…2025
Pass necessary journal entries for issue of debentures for the following transactions (i) Kiero Ltd. issued 80.000, 9% debentures…2025
Arnav Ltd. purchased assets worth ₹ 24,00,000. It issued 9% debentures of ₹ 100 each at a discount of 4% for payment of the…2024
Misha Ltd. issued 6,000, 8% Debentures of ₹ 100 each at ₹ 96 per debenture. 8% Debentures Account will be credited by:2024
Assertion: Interest on bearer debentures is paid to a person who produces the interest coupon attached to such debentures. Reason…2024
The debentures which do not carry a specific rate of interest are called:2024
Aarav Ltd. issued 10,000, 9% debentures of ₹ 100 each at a premium of 50/1, redeemable at a premium of 10%. Loss on issue of…2024
The debentures which do not carry a specific rate of interest are called:2024
Maharaja Ltd. took over assets of ₹ 15,00,000 and liabilities of ₹ 2,00,000 of Dolphin Ltd. for an agreed purchase consideration…2024
Assertion: Irredeemable debentures are also known as perpetual debentures. Reason (R): The company does not give any undertaking…2024
Aarav Ltd. issued 10,000, 9% debentures of ₹ 100 each at a premium of 50/, redeemable at a premium of 10%. Loss on issue of…2024
On 1st April, 2022, Mega Ltd. issued 30,000, 10% Debentures of ₹ 100 each at a discount of 10%. The total amount of interest due…2024
Assertion: Interest on bearer debentures is paid to a person who produces the interest coupon attached to such debentures. Reason…2024
Misha Ltd. issued 6,000, 8% Debentures of ₹ 100 each at ₹ 96 per debenture. 8% Debentures Account will be credited by:2024
Arnav Ltd. purchased assets worth ₹ 24,00,000. It issued 9% debentures of ₹ 100 each at a discount of 4% for payment of the…2024
Aarav Ltd. issued 10,000, 9% debentures of ₹ 100 each at a premium of 50/1, redeemable at a premium of 10%. Loss on issue of…2024
On 1st April, 2022, Mega Ltd. issued 30,000, 10% Debentures of ₹ 100 each at a discount of 10%. The total amount of interest due…2024
On 1st April, 2022, Mega Ltd. issued 30,000, 10% Debentures of ₹ 100 each at a discount of 10%. The total amount of interest due…2024
Maharaja Ltd. took over assets of ₹ 15,00,000 and liabilities of ₹ 2,00,000 of Dolphin Ltd. for an agreed purchase consideration…2024
Misha Ltd. issued 6,000, 8% Debentures of ₹ 100 each at ₹ 96 per debenture. 8% Debentures Account will be credited by:2024
Assertion: Irredeemable debentures are also known as perpetual debentures. Reason (R): The company does not give any undertaking…2024
Maharaja Ltd. took over assets of ₹ 15,00,000 and liabilities of ₹ 2,00,000 of Dolphin Ltd. for an agreed purchase consideration…2024
Assertion: Interest on bearer debentures is paid to a person who produces the interest coupon attached to such debentures. Reason…2024
The debentures which do not carry a specific rate of interest are called:2024
Assertion: Irredeemable debentures are also known as perpetual debentures. Reason (R): The company does not give any undertaking…2024
Arnav Ltd. purchased assets worth ₹ 24,00,000. It issued 9% debentures of ₹ 100 each at a discount of 4% for payment of the…2024
Priti Ltd. purchased assets worth ₹ 5,40,000 and took over liabilities of ₹ 1,20,000 of Payal Ltd. for a purchase consideration…2024
Mahesh Ltd. purchased Plant and Machinery from Ish Ltd. for ₹ 4,50,000. ₹ 50,000 was paid by cheque to Ish Ltd. and the balance…2024
Mahesh Ltd. purchased Plant and Machinery from Ish Ltd. for ₹ 4,50,000. ₹ 50,000 was paid by cheque to Ish Ltd. and the balance…2024
Sumi Ltd. acquired assets of ₹ 8,00,000 and took over sundry creditors of ₹ 2,00,000 from Pandora Ltd. for a purchase…2024
Mahesh Ltd. purchased Plant and Machinery from Ish Ltd. for ₹ 4,50,000. ₹ 50,000 was paid by cheque to Ish Ltd. and the balance…2024
Sunrise Ltd. acquired assets of ₹ 3,60,000 and took over creditors of ₹ 1,00,000 from Moonlight Ltd. for an agreed purchase…2024
Sunrise Ltd. acquired assets of ₹ 3,60,000 and took over creditors of ₹ 1,00,000 from Moonlight Ltd. for an agreed purchase…2024
Priti Ltd. purchased assets worth ₹ 5,40,000 and took over liabilities of ₹ 1,20,000 of Payal Ltd. for a purchase consideration…2024
Priti Ltd. purchased assets worth ₹ 5,40,000 and took over liabilities of ₹ 1,20,000 of Payal Ltd. for a purchase consideration…2024
Sumi Ltd. acquired assets of ₹ 8,00,000 and took over sundry creditors of ₹ 2,00,000 from Pandora Ltd. for a purchase…2024
Sumi Ltd. acquired assets of ₹ 8,00,000 and took over sundry creditors of ₹ 2,00,000 from Pandora Ltd. for a purchase…2024
Sunrise Ltd. acquired assets of ₹ 3,60,000 and took over creditors of ₹ 1,00,000 from Moonlight Ltd. for an agreed purchase…2024
Pass necessary journal entries for issue of debentures for the following transactions: (i) Kajal Ltd. issued 30,000, 11%…2024
Pass necessary journal entries for issue of debentures for the following transactions: (i) Hero Ltd. issued 20,000, 11%…2024
Pass necessary journal entries for issue of debentures for the following transactions: (i) Suhavo Ltd. issued 10,000, 11%…2024
On 1st April, 2022, Zubian Ltd. issued ₹ 10,00,000, 7% Debentures of ₹ 100 each at a premium of 6%, redeemable at a premium of 4%…2024
On 1st April, 2022, Helloix Ltd. issued 10,000, 7% Debentures of ₹ 500 each at a premium of 10%, redeemable at a premium of 5%…2024
On 1st April, 2022, Bellfont Ltd. issued 5,000, 7% Debentures of ₹ 500 each at a premium of 5%, redeemable at a premium of 10%…2024
On 1st April, 2022, Zoltas Ltd. issued 20,000 7% Debentures of ₹ 100 each at a discount of 5%, redeemable at par after five…2024
On 1st April, 2022, Centafit Ltd. issued 2,000, 7% Debentures of ₹ 500 each at a premium of 10%, redeemable at a premium of 10%…2024
On 1st April, 2022, Ahilaan Ltd. issued 10,000, 9% Debentures of ₹ 100 each at a premium of 7%, redeemable at a premium of 3%…2024
Pass journal entries relating to issue of debentures in the books of Star Ltd. in each of the following cases: (i) Issued 50,000,…2024
Pass Journal entries relating to issue of debentures in the books of Unicorn Ltd. in each of the following cases: (i) Issued…2024
Pass necessary journal entries relating to issue of debentures and to write off discount/loss on issue of debentures in the books…2024
Pass necessary journal entries relating to issue of debentures and to write off discount/loss on issue of debentures in the books…2024
Pass Journal entries relating to issue of debentures in the books of No vex Ltd. in each of following cases: (i) Issued 30,000,…2024
Pass necessary journal entries relating to issue of debentures and to write off discount/loss on issue of debentures in the books…2024
Sujata Ltd. issued 5,000, 7% Debentures of ₹ 100 each at a premium of 10%. According to the terms of issue, 40% of the amount was…2023
Sunbeam Ltd. issued 20,000, 11% debentures of ₹ 100 each at a premium of 10%, redeemable at a premium of 5%. The Loss on Issue of…2023
Rohit Limited issued 2,000, 9% Debentures of ₹ 100 each at ₹ 95 per debenture. 9% Debentures account will be credited by: OR…2023
Premier Auto Ltd. purchased assets of the value of ₹ 3,60,000 from Anand Ltd. and made the payment of purchase consideration by…2023
Anuradha Ltd. issued 2,00,000, 7% debentures of ₹ 100 each at a discount of 5% redeemable at a premium of 5%. Discount on issue…2023
Sunbeam Ltd. issued 20,000, 11% debentures of ₹ 100 each at a premium of 10%, redeemable at a premium of 5%. The Loss on Issue of…2023
Anuradha Ltd. issued 2,00,000, 7% debentures of ₹ 100 each at a discount of 5% redeemable at a premium of 5%. Discount on issue…2023
The debentures which are payable on the expiry of a specified period either in lump-sum or in instalments during the life time of…2023
Elite Ltd. issued 20,000, 9% Debentures of ₹ 100 each at a discount of 10%, redeemable at a premium. On issue of these…2023
Assertion: Increase in the value of liabilities on reconstitution of a firm is debited to Revaluation Account. Reason (R):…2023
Sunbeam Ltd. issued 20,000, 11% debentures of ₹ 100 each at a premium of 10%, redeemable at a premium of 5%. The Loss on Issue of…2023
Elite Ltd. issued 20,000, 9% Debentures of ₹ 100 each at a discount of 10%, redeemable at a premium. On issue of these…2023
Premier Auto Ltd. purchased assets of the value of ₹ 3,60,000 from Anand Ltd. and made the payment of purchase consideration by…2023
Rohit Limited issued 2,000, 9% Debentures of ₹ 100 each at ₹ 95 per debenture. 9% Debentures account will be credited by: OR…2023
Sunbeam Limited issued 4,000, 6% Debentures of ₹ 100 each at ₹ 95 per debenture. 6% Debentures account will be credited by:2023
The debentures which are payable on the expiry of a specified period either in lump-sum or in instalments during the life time of…2023
Sunbeam Limited issued 4,000, 6% Debentures of ₹ 100 each at ₹ 95 per debenture. 6% Debentures account will be credited by:2023
Sujata Ltd. issued 5,000, 7% Debentures of ₹ 100 each at a premium of 10%. According to the terms of issue, 40% of the amount was…2023
Anuradha Ltd. issued 2,00,000, 7% debentures of ₹ 100 each at a discount of 5% redeemable at a premium of 5%. Discount on issue…2023
Sujata Ltd. issued 5,000, 7% Debentures of ₹ 100 each at a premium of 10%. According to the terms of issue, 40% of the amount was…2023
Elite Ltd. issued 20,000, 9% Debentures of ₹ 100 each at a discount of 10%, redeemable at a premium. On issue of these…2023
Rohit Limited issued 2,000, 9% Debentures of ₹ 100 each at ₹ 95 per debenture. 9% Debentures account will be credited by: OR…2023
On 1st April, 2021, Narmada Ltd. issued 5,000, 8% Debentures of ₹ 100 each at a premium of 10%. The total amount of interest on…2023
The debentures which are payable on the expiry of a specified period either in lump-sum or in instalments during the life time of…2023
Premier Auto Ltd. purchased assets of the value of ₹ 3,60,000 from Anand Ltd. and made the payment of purchase consideration by…2023
Sunbeam Limited issued 4,000, 6% Debentures of ₹ 100 each at ₹ 95 per debenture. 6% Debentures account will be credited by:2023
Sinco Ltd. purchased assets of the book value of ₹ 1,98,000 from Dixon Ltd. It was agreed that the purchase consideration be paid…2023
M Ltd. issued 10,000, 8% Debentures of ₹ 100 each at 6% discount. The amount was payable as ₹ 60 on application and the balance…2023
M Ltd. issued 10,000, 8% Debentures of ₹ 100 each at 6% discount. The amount was payable as ₹ 60 on application and the balance…2023
On 1st April, 2021, Hitesh Ltd. took over assets of ₹ 8,00,000 and liabilities of ₹ 40,000 of Pranjal Ltd. at an agreed value of…2023
On 1st April, 2021, Hitesh Ltd. took over assets of ₹ 8,00,000 and liabilities of ₹ 40,000 of Pranjal Ltd. at an agreed value of…2023
M Ltd. issued 10,000, 8% Debentures of ₹ 100 each at 6% discount. The amount was payable as ₹ 60 on application and the balance…2023
On 1st April, 2021, Hitesh Ltd. took over assets of ₹ 8,00,000 and liabilities of ₹ 40,000 of Pranjal Ltd. at an agreed value of…2023
Sinco Ltd. purchased assets of the book value of ₹ 1,98,000 from Dixon Ltd. It was agreed that the purchase consideration be paid…2023
Kuber Ltd. purchased assets worth ₹ 10,00,000 and took over liabilities of ₹ 1,00,000 of Amrit Ltd. for a purchase consideration…2023
Vimal Ltd. purchased assets worth ₹ 5,00,000 and took over liabilities of ₹ 1,00,000 of Kapil Ltd. for a purchase consideration…2023
Neon Ltd. purchased assets worth ₹ 18,00,000 and took over liabilities of ₹ 2,00,000 of Zenith Ltd. for a purchase consideration…2023
Sinco Ltd. purchased assets of the book value of ₹ 1,98,000 from Dixon Ltd. It was agreed that the purchase consideration be paid…2023
Pass necessary journal entries for issue of 12% debentures in the books of Ghanshyam Ltd. in the following cases: (i) Issued…2023
Pass necessary journal entries for issue of 12% Debentures in the books of Hemant Ltd. in the following cases: (i) Issued 1,000,…2023
Pass necessary journal entries for the issue of debentures in the following cases: (i) Issued ₹ 7,00,000, 9% debentures of ₹ 100…2023
Pass the necessary journal entries for the issue of debentures in the books of Amrit Ltd. for the following transactions: (i)…2023
Pass necessary journal entries for the issue of debentures in the following cases: (i) Issued ₹ 75,00,000, 9% debentures of ₹ 100…2023
Pass necessary journal entries for the issue of debentures in the following cases: (i) Issued 5,000, 9% debentures of ₹ 100 each…2023
Pass necessary journal entries for the following transactions relating to the issue of debentures: Gagan Limited issued ₹…2023
On 1st April, 2022, Smith Ltd. acquired assets of ₹ 80,00,000 from Bharat Ltd. and took over its liabilities of ₹ 10,00,000 for a…2023
Chiranjeevi Limited issued 2,000, 10% debentures of ₹ 100 each. Pass the necessary Journal entries for the issue of debentures in…2023
Pass necessary journal entries relating to the issue of debentures in the books of Akash Ltd. for the following transactions:…2023
Pass necessary journal entries relating to issue of debentures in the books of Shree Ltd. for the following transactions: 3,000,…2023
On 1st October, 2021 Pihu Ltd. issued ₹ 15,00,000, 9% Debentures of ₹ 20 each at a discount of ₹ 6 per debenture. The company had…2023
On 1st April, 2021, LM Ltd. issued ₹ 45,00,000, 12% Debentures of ₹ 50 each at a discount of 10%. On 31st March, 2022 it decided…2023
Chiranjeevi Limited issued 2,000, 10% debentures of ₹ 100 each. Pass the necessary Journal entries for the issue of debentures in…2023
Chiranjeevi Limited issued 2,000, 10% debentures of ₹ 100 each. Pass the necessary Journal entries for the issue of debentures in…2023
Surya Ltd. purchased machinery from Mohan Equipment Ltd. The company paid the vendors by issue of 9% debentures and the balance…2022
Rad fey Ltd. took over assets of? 14,00,000 and liabilities of? 6,00,000 of Krishna Ltd. Rad fey Ltd. paid the purchase…2022
X Ltd. invited applications for issuing 15,000 8% Debentures of ₹ 100 each. The amount was payable as follows: On Application ₹…2022
Surya Ltd. purchased machinery from Mohan Equipment Ltd. The company paid the vendors by issue of 9% debentures and the balance…2022
X Ltd. purchased assets of ₹ 18,00,000 and took over liabilities of ₹ 6,00,000 of Y Ltd. for a purchase consideration of ₹…2022
X Ltd. invited applications for issuing 15,000 8% Debentures of ₹ 100 each. The amount was payable as follows: On Application ₹…2022
Khandelwal Ltd. took over assets of Sharma Ltd. of ₹ 25,00,000 and liabilities amounting to ₹ 7,80,000 for a purchase…2022
X Ltd. purchased assets of ₹ 18,00,000 and took over liabilities of ₹ 6,00,000 of Y Ltd. for a purchase consideration of ₹…2022
X Ltd. purchased assets of ₹ 18,00,000 and took over liabilities of ₹ 6,00,000 of Y Ltd. for a purchase consideration of ₹…2022
X Ltd. invited applications for issuing 15,000 8% Debentures of ₹ 100 each. The amount was payable as follows: On Application ₹…2022
Khandelwal Ltd. took over assets of Sharma Ltd. of ₹ 25,00,000 and liabilities amounting to ₹ 7,80,000 for a purchase…2022
Rad fey Ltd. took over assets of 14,00,000 and liabilities of? 6,00,000 of Krishna Ltd. Rad fey Ltd. paid the purchase…2022
Khandelwal Ltd. took over assets of Sharma Ltd. of ₹ 25,00,000 and liabilities amounting to ₹ 7,80,000 for a purchase…2022
Rad fey Ltd. took over assets of; 14,00,000 and liabilities of 6,00,000 of Krishna Ltd. Rad fey Ltd. paid the purchase…2022
Surya Ltd. purchased machinery from Mohan Equipment Ltd. The company paid the vendors by issue of 9% debentures and the balance…2022
Pass necessary journal entries for the issue of debentures in the following eases: Issued 50,000, 9% debentures of ₹ 100 each at…2022
Pass journal entries for issue of debentures for the following transactions: (i) Issued 3,000, 11% debentures of ₹ 100 each at…2022
Pass the necessary journal entries in the books of Pankaj Limited for the issue of Debentures in the following cases: Issued…2022
Pass journal entries relating to issue of debentures for the following transactions Issued 8,000, 10% debentures of 100 each at a…2022
Pass the necessary journal entries in the books of Pankaj Limited for the issue of Debentures in the following cases: Issued…2022
Pass necessary journal entries for the issue of debentures in the following cases: Issued 50,000, 9% debentures of ₹ 100 each at…2022
B Ltd. purchased Building worth ₹ 3,00,000, Plant worth ₹ 2,80,000 and Furniture worth ₹ 20,000 from C Ltd. for a purchase…2022
Pass journal entries for issue of debentures for the following transactions: (i) Issued 3,000, 11% debentures of ₹ 100 each at…2022
Pass the necessary journal entries in the books of Pankaj Limited for the issue of Debentures in the following cases: Issued…2022
Pass journal entries relating to issue of debentures for the following transactions (H) Issued 8,000, 10% debentures of ₹ 100…2022
Satnam Ltd. purchased Building worth ₹ 5,00,000, Plant worth ₹ 4,60,000 and Furniture worth ₹ 2,20,000 from Gurnam Ltd. for a…2022
Pass necessary journal entries for the issue of debentures in the following cases: Issued 50,000, 9% debentures of ₹ 100 each at…2022
B Ltd. purchased Building worth ₹ 3,00,000, Plant worth ₹ 2,80,000 and Furniture worth ₹ 20,000 from C Ltd. for a purchase…2022
Pass journal entries relating to issue of debentures for the following transactions Issued 8,000, 10% debentures of 100 each at a…2022
Pass journal entries for issue of debentures for the following transactions: (i) Issued 3,000, 11% debentures of ₹ 100 each at…2022

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