✓ Board-verified
Accountancy · 2023 · 1 mark
CBSE 2023 · Region 4 · Set 2 · Q4
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 and premium on…
Anuradha Ltd. issued $\displaystyle 2,00,000$, $\displaystyle 7$% debentures of ₹ $\displaystyle 100$ each at a discount of $\displaystyle 5$% redeemable at a premium of $\displaystyle 5$%. Discount on issue and premium on redemption were accounted for through ' Loss on Issue of Debentures Account. On issue of debentures, Loss on Issue of Debentures Account will be :
Diksha Ltd. issued $\displaystyle 4,000$, $\displaystyle 9$% Debentures of ₹ $\displaystyle 100$ each at a discount of $\displaystyle 10$%, redeemable at a premium. 'Discount on Issue of Debentures' and 'Premium on R edemption of Debentures' were accounted for through 'L oss on I ssue of Debentures Account'. If the amount of 'Loss on Issue of Debentures Account' was ₹ $\displaystyle 60,000$, then the amount of premium on redemption was :
Official answer
(a) → (C)
(b) → (C)
Marking-scheme solution
(i)
(c)
Debited by ₹$\displaystyle 20,00,000$
OR
Q.(ii) Diksha Ltd. issued $\displaystyle 4000$, $\displaystyle 9$% Debentures.....................
Ans.
(ii)(c)
₹$\displaystyle 20,000$
All Issue and Redemption of Debentures questions2023 question paperPractice Issue and Redemption of Debentures →
More from Issue and Redemption of Debentures
- Maharaja Ltd. took over assets of ₹ 15,00,000 and liabilities of ₹ 2,00,000 of Dolphin Ltd. for an agreed purchase consideration of ₹ 12,60,000. It…2024
- Debentures which can be transferred by way of delivery and the company does not keep any record of the debentureholders are called:2025
- Sinco Ltd. purchased assets of the book value of ₹ 1,98,000 from Dixon Ltd. It was agreed that the purchase consideration be paid by issuing 10%…2023
- 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 on debentures for…2024
- Satnam Ltd. purchased Building worth ₹ 5,00,000, Plant worth ₹ 4,60,000 and Furniture worth ₹ 2,20,000 from Gurnam Ltd. for a purchase consideration…2022
- Shivalik Ltd. issued 7% debentures of 2 100 each at a discount of 5% on 1st April, 2023. Discount on issue of debentures, ₹ 1,00,000 was completely…2025
- The debentures which do not carry a specific rate of interest are called:2024
- Debentures in respect of which all details including names, addresses and particulars of holding of the debenture holders are entered in a register…2025
CBSE Class 12 Accountancy past-paper question from the 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.