16 :- Joy Ltd. company bought a Building for Rs 9,00,000 and the consideration was paid by issuing 10% Debentures of the nominal (face) value of Rs 100 each at a discount of 10%.
Give Journal entries.
17 :- Amrit Ltd. issued 1,000, 6% Debentures of Rs 100 each to Amit and Bhaskar (Promoters) each for their services in incorporating the company. Pass Journal entry.
18 :- B Ltd. issued 9% Debentures of Rs 100 each at a premium of 20% to Vendors for purchase of plant costing Rs 6,00,000. Pass the necessary Journal entry for the payment made to vendors.
19 :- Ananya Ltd. purchased an established business for Rs 2,00,000 payable as Rs 65,000 by cheque and the balance by issuing 9% Debentures of Rs 100 each at a discount of 10%. Give Journal entries in the books of Ananya Ltd.
20 :- Romi Ltd. acquired assets of Rs 20 lakh and took over creditors of Rs 2 lakh from Kapil Enterprises. Romi Ltd. issued 8% Debentures of Rs 100 each at a discount of 10% as purchase consideration. Record necessary Journal entries in the books of Romi Ltd.