Kamya Ltd. issued 30,000, 8% Debentues of Rs 100 each

10 :- Kamya Ltd. issued 30,000, 8% Debentues of Rs 100 each at 10% premium for subscription. The issue price was payable Rs 40 on application, Rs 40 (including premium)…

Accountancy Class 12 General

Raja Ltd. issued 5,000; 9% Debentures of Rs 100 each

9 :- Raja Ltd. issued 5,000; 9% Debentures of Rs 100 each at a premium of Rs 40 payable as follows:(i) Rs 40, including premium of Rs 10 on application:(ii)…

Accountancy Class 12 General

Nikki Ltd. Issued 10,000, 7% Debentures of Rs 100 each

8 :- Nikki Ltd. Issued 10,000, 7% Debentures of Rs 100 each at premium of Rs 20 per debenture. Issue price was payable as follows: Rs 40 on application, Rs…

Accountancy Class 12 General

GT Ltd. Issued 5,000; 8% Debentures of Rs 100 each

7 :- GT Ltd. Issued 5,000; 8% Debentures of Rs 100 each at a premium of 5% payable as follows :Rs 10 on application; Rs 20 plus premium on allotment…

Accountancy Class 12 Mock Tests

Accounting for Partnership Firms : Mock Test – 01

MCQ Mock Test for Class 12th Accountancy - Volume 1: Accounting for Partnership Firms Gear up for your Class 12th Accountancy exam with our MCQ mock test focused on Volume…

Accountancy Class 12 General

Question 55 to 59 (Writing Off Discount/Loss on Issue of Debentures)

55 :- On 1st April, 2024, Solar Power Ltd. issued 10,000, 8% Debentures of ₹ 100 each at a discount of 5% redeemable at a premium of 15% at the…

Accountancy Class 12 General

Fit India Ltd. has paid-up share capital of ₹ 1,00,00,000

59 :- Fit India Ltd. has paid-up share capital of ₹ 1,00,00,000 (divided into 5,00,000 Equity Shares of ₹ 20 each) and 10,000, 7% Debentures of ₹ 200 each. On…

Accountancy Class 12 General

Dev Ltd. acquired running business of Amrit Ltd.

58 :- Dev Ltd. acquired running business of Amrit Ltd. having assets of ₹ 10,00,000 and liabilities of ₹ 2,50,000. 9% Debentures of ₹ 100 each were issued for the…

Accountancy Class 12 General

Pass necessary Journal entries relating issue of Debentures

57 :- Pass necessary Journal entries relating issue of Debentures and to write off discount/loss on issue of debentures in the books of Srijan Ltd. in the following cases :(i)…

Accountancy Class 12 General

Pass necessary Journal entries relating to issue of debentures

56 :- Pass necessary Journal entries relating to issue of debentures and to write off discount/loss on issue of debentures in the books of Dhatu Ltd. in the following cases…