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.…

Accountancy Class 12 General

Question 41 to 46 (Interest on Debentures)

41 :- Agam Ltd. issued 40,000; 9% Debentures of ₹ 100 each on 1st April, 2024 at a discount of 10% redeemable at a premium of 10%.Assuming that the interest…

Accountancy Class 12 General

Bright Ltd. issued 5,000; 10% Debentures of ₹ 100 each

43 :- Bright Ltd. issued 5,000; 10% Debentures of ₹ 100 each on 1st April, 2024. The issue was fully subscribed As per the terms of issue, interest on the…

Accountancy Class 12 General

Pratham Ltd. issued 50,000, 9% Debentures of ₹ 100 each

42 :- Pratham Ltd. issued 50,000, 9% Debentures of ₹ 100 each on 1st April, 2024 at 10% discount, redeemable at 10% premium. Interest is payable quarterly on 30th June,…

Accountancy Class 12 General

Agam Ltd. issued 40,000; 9% Debentures of ₹ 100 each

41 :- Agam Ltd. issued 40,000; 9% Debentures of ₹ 100 each on 1st April, 2024 at a discount of 10% redeemable at a premium of 10%.Assuming that the interest…

Accountancy Class 12 General

Pass necessary Journal entries for the issue of debentures

39 :- Pass necessary Journal entries for the issue of debentures in the following cases:(i) Issued ₹ 75,00,000, 9% Debentures of ₹ 100 each at a premium of 10% redeemable…

Accountancy Class 12 General

Chiranjeevi Limited issued 2,000, 10% Debentures

38 :- Chiranjeevi Limited issued 2,000, 10% Debentures of ₹ 100 each. Pass the necessary Journal entries for the issue of debentures in the following cases:(a) When debentures were issued…