Class 12 Archives - Page 11 of 47

Amrit Ltd. issued 1,000, 6% Debentures of Rs 100 each

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. Solution :-…

Accountancy Class 12 General

Joy Ltd. company bought a Building for Rs 9,00,000

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…

Accountancy Class 12 General

Question 11 to 15 (Issue of Debentures at discount for Cash)

11 :- Kati Ltd. issued 8,000, 9% Debentures of Rs 100 each at a discount of 10%. The full amount was payable on application. Application were received for 9,000 debentures…

Accountancy Class 12 General

On 1st October, 2022, Ninza Ltd. issued 4,000, 8% Debentures

15 :- On 1st October, 2022, Ninza Ltd. issued 4,000, 8% Debentures of Rs 100 each at a discount of 10%. The company had a balance of Rs 50,000 in…

Accountancy Class 12 General

The Decor Ltd. issued 20,000, 6% Debentures of Rs 100 each

14 :- The Decor Ltd. issued 20,000, 6% Debentures of Rs 100 each at 10% discount payable Rs 30 on application, Rs 40 (after discount) and balance as first and…

Accountancy Class 12 General

Alka Ltd. issued 5,000, 10% Debentures of Rs 1,000 each

13 :- Alka Ltd. issued 5,000, 10% Debentures of Rs 1,000 each at a discount of 10% redeemable after 5 years. According to the terms of issue, Rs 500 (after discount…

Accountancy Class 12 General

Linux Ltd. issued 12,000; 8% Debentures of Rs 100 each

12 :- Linux Ltd. issued 12,000; 8% Debentures of Rs 100 each at a discount of 5% payable as 25% on application; 20% on allotment and balance after three months. Pass…

Accountancy Class 12 General

Kati Ltd. issued 8,000, 9% Debentures of Rs 100 each

11 :- Kati Ltd. issued 8,000, 9% Debentures of Rs 100 each at a discount of 10%. The full amount was payable on application. Application were received for 9,000 debentures…

Accountancy Class 12 General

Question 1 to 4 (Issue of Debentures at par for Cash)

1 :- Kiosk Ltd. issued 40,000; 10% Debentures of Rs 100 each at par for cash payable in full along with the application. Applications were received for 60,000 debentures. Debentures were…

Accountancy Class 12 General

Super Seals Ltd. issued 10,000, 8% Debentures of Rs 100 each

4 :- Super Seals Ltd. issued 10,000, 8% Debentures of Rs 100 each at par for subscription payable Rs 40 on application, Rs 30 on allotment and balance as first…