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 and allotment was made on pro rata basis.
Pass the necessary Journal entries for the above transactions in the books of Kati Ltd.
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 Journal entries.
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 of Rs 50) was payable on application and the balance amount on allotment of debentures. Record necessary entries regarding issue of 10% Debentures.
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 final call. Debentures were subscribed and allotment was made. Amount due on allotment was made and received. First and final call is yet to be made.
You are required to pass the necessary Journal entries.
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 Securities Premium Account on the same date.
Pass necessary Journal entries for issue of debentures and to write off discount on issue of debentures.