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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

Neeraj Ltd. took over business of Ajay Enterprises on 1-04-2020

26 :- Neeraj Ltd. took over business of Ajay Enterprises on 1-04-2020. The details of the agreement regarding the assets and liabilities to be taken over are: It was decided…

Accountancy Class 12 General

Janta Ltd. issued applications for 5,00,000 equity shares

106 :- Janta Ltd. issued applications for 5,00,000 equity shares of Rs 10 each, at a premium of Rs 4 per share. The amount was payable as follows:On application Rs…

Accountancy Class 12 General

XYZ Ltd. is registered with an authorised capital of Rs 2,00,000

105 :- XYZ Ltd. is registered with an authorised capital of Rs 2,00,000 divided into 2,000 shares of Rs 100 each of which, 1,000 shares were offered for public subscription…

Accountancy Class 12 General

Eastern India Company Limited, having an authorised capital

27 :- Eastern India Company Limited, having an authorised capital of Rs 10,00,000 divided into shares of Rs 10 each, issued 50,000 shares at a premium of Rs 3 per…

Accountancy Class 12 General

Global Trade Ltd. has authorised share capital of Rs 1,00,00,000

1 :- Global Trade Ltd. has authorised share capital of Rs 1,00,00,000 divided into 1,00,000 Equity Shares of Rs 100 each. It has existing issued and paid up capital of…