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

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

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…

Accountancy Class 12 General

Nipa Limited issued 10,000 Debentures of Rs 100 each

6 :- Nipa Limited issued 10,000 Debentures of Rs 100 each at a premium of 10%, payable 30% of nominal (face) value on application (including premium) and the balance on…

Accountancy Class 12 General

Question 5 to 10 (Issue of Debentures at premium for Cash)

5 :- Narain Laxmi Ltd. invited applications for issuing 7,500; 12% Debentures of Rs 100 each at a premium of Rs 35 per debenture. The full amount was payable on…

Accountancy Class 12 General

Narain Laxmi Ltd. invited applications for issuing 7,500

5 :- Narain Laxmi Ltd. invited applications for issuing 7,500; 12% Debentures of Rs 100 each at a premium of Rs 35 per debenture. The full amount was payable on…

Accountancy Class 12 General

Garvit Ltd. Invited applications for issuing 3,000

53 :- Garvit Ltd. Invited applications for issuing 3,000, 11% debentures of Rs 100 each at a discount of 6%. The full amount was payable on application. Applications were received…

Accountancy Class 12 General

Question 51 to 54 (Writing Off Discount/Loss on Issue of Debentures)

51 :- On 1st January, 2024, Raha Ltd. Issued 6,000, 8% debentures of nominal (face) value of Rs 100 each redeemable at 5% premium in equal proportions at the end…