Analysis of Financial Statements : Mock Test – 03

MCQ Mock Test for Class 12th Accountancy - Volume 3 : Analysis of Financial Statements Get exam-ready with our specially designed MCQ-based Mock Test covering the most important chapters of…

Accountancy Class 12 General

Accounting for Companies : Mock Test – 02

MCQ Mock Test for Class 12th Accountancy - Volume 2 : Accounting for Companies Chapters: Accounting for Share Capital & Accounting for Debentures Get exam-ready with our specially designed Class…

Accountancy Class 12 General

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 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)…