On 1st January, 2024, Raha Ltd. Issued 6,000, 8% debentures

51 :- On 1st January, 2024, Raha Ltd. Issued 6,000, 8% debentures of nominal (face) value of Rs 100 each redeemable at 5% premium in equal proportions at the end…

Accountancy Class 12 General

Question 51 to 54 (Writing Off Discount/Loss on Issue of Debentures)

51 :- On 1st January, 2024, Raha Ltd. Issued 6,000, 8% debentures of nominal (face) value of Rs 100 each redeemable at 5% premium in equal proportions at the end…

Accountancy Class 12 General

Sujata Ltd. invited applications for issuing 50,000

50 :- Sujata Ltd. invited applications for issuing 50,000, 9% Debentures of ₹ 100 each at a discount of 10% redeemable at par after 5 years. The debentures were fully…

Accountancy Class 12 General

Gladiators Ltd. issued 10,000; 8% Debentures of ₹ 100 each

49 :- Gladiators Ltd. issued 10,000; 8% Debentures of ₹ 100 each at a discount of 5%, redeemable at a premium of 5% payable along with application. It had balance…

Accountancy Class 12 General

Mercury Ltd. issued ₹ 10,00,000; 9% Debentures of ₹ 100 each

48 :- Mercury Ltd. issued ₹ 10,00,000; 9% Debentures of ₹ 100 each at a discount of 6% on 1st April, 2022. These debentures are to be redeemed equally. Spread…

Accountancy Class 12 General

Question 47 to 50 (Writing Off Discount/Loss on Issue of Debentures)

47 :- Kitply Ltd. issued ₹ 2,00,000, 10% Debentures at a discount of 5%. The terms of issue provide the repayment at the end of 4 years. Kitply Ltd. has…

Accountancy Class 12 General

Kitply Ltd. issued ₹ 2,00,000, 10% Debentures at a discount

47 :- Kitply Ltd. issued ₹ 2,00,000, 10% Debentures at a discount of 5%. The terms of issue provide the repayment at the end of 4 years. Kitply Ltd. has…

Accountancy Class 12 General

Suzlon Ltd. issued on 1st July, 2024, 20,000, 7% Debentures

46 :- Suzlon Ltd. issued on 1st July, 2024, 20,000, 7% Debentures of ₹ 100 each for subscription at 10% premium payable ₹ 40 on application; ₹ 40 (including premium)…

Accountancy Class 12 General

Pawan Hans Ltd. issued on 1st July, 2024, 10,000, 7% Debentures

45 :- Pawan Hans Ltd. issued on 1st July, 2024, 10,000, 7% Debentures of ₹ 100 each for subscription at 10% premium payable ₹ 40 on application and balance on…

Accountancy Class 12 General

On 1st April, 2024, V.V.L. Ltd. issued 1,000, 9% Debentures

44 :- On 1st April, 2024, V.V.L. Ltd. issued 1,000, 9% Debentures of ₹ 100 each at a discount of 6%, redeemable at a premium of 10% after three years.…