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Accountancy

Home » Class 12 » Accountancy » Page 5
Posted inAccountancy Class 12 General

On 1st April, 2021, Bingo Ltd. issued Rs 20,00,000

34 :- On 1st April, 2021, Bingo Ltd. issued Rs 20,00,000, 9% Debentures of Rs 100 each at a premium of 10% redeemable at a premium of 5%.Pass the necessary…
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Posted inAccountancy Class 12 General

Question 30 to 33 (Issue of Debentures as Collateral Security)

30 :- Suhani Ltd. took loan of Rs 4,00,000 from Bandhan Bank Ltd. and issued 8% Debentures of Rs 4,00,000 as a collateral security. Explain how will the issue of…
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Posted inAccountancy Class 12 General

S. Singh Limited obtained loan of Rs 5,00,000 from

33 :- S. Singh Limited obtained loan of Rs 5,00,000 from State Bank of India @ 10% p.a. interest. The company issued Rs 7,50,000, 10% Debentures of Rs 100 each…
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Posted inAccountancy Class 12 General

Bhagwati Ltd. took loan of Rs 3,00,000 from IDBI Bank

32 :- Bhagwati Ltd. took loan of Rs 3,00,000 from IDBI Bank. The company issued 4,000; 9% Debentures of Rs 100 each as a collateral security for the same. Show…
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Posted inAccountancy Class 12 General

Best Barcode Ltd. took loan of Rs 5,00,000 from a bank

31 :- Best Barcode Ltd. took loan of Rs 5,00,000 from a bank giving Rs 6,00,000; 9% Debentures as collateral security. Pass Journal entries regarding issue of debentures, if any,…
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Posted inAccountancy Class 12 General

Question 26 to 29 (Issue of Debentures for consideration other than Cash)

26 :- Neeraj Ltd. took over business of Ajay Enterprises on 1-04-2020. The details of the agreement regarding the assets and liabilities to be taken over are: It was decided…
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Posted inAccountancy Class 12 General

Bright Ltd. took over the assets of Rs 6,60,000 and liabilities

29 :- Bright Ltd. took over the assets of Rs 6,60,000 and liabilities of Rs 80,000 of Star Ltd. for an agreed purchase consideration of Rs 6,00,000 payable 10% in…
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Posted inAccountancy Class 12 General

Star Ltd. took over the assets of ₹ 6,60,000 and liabilities

28 :- Star Ltd. took over the assets of ₹ 6,60,000 and liabilities of ₹ 80,000 of Moon Ltd. for ₹ 6,00,000. Give necessary Journal entries in the books of…
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Posted inAccountancy Class 12 General

Grown Ltd. issued 500, 10% Debentures of ₹ 1,000 each

27 :- Grown Ltd. issued 500, 10% Debentures of ₹ 1,000 each credited as fully paid-up to the promoters for their services to incorporate the company. It also issued 100,…
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Posted inAccountancy Class 12 General

Neeraj Ltd. took over business of Ajay Enterprises on 1-04-2020

26 :- Neeraj Ltd. took over business of Ajay Enterprises on 1-04-2020. The details of the agreement regarding the assets and liabilities to be taken over are: It was decided…
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