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

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

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…

Accountancy Class 12 General

Question 47 to 50 (Writing Off Discount/Loss on Issue of Debentures)

47 :- Kitply Ltd. issued ₹ 2,00,000, 10% Debentures at a discount of 5%. The terms of issue provide the repayment at the end of 4 years. Kitply Ltd. has…

Accountancy Class 12 General

Question 41 to 46 (Interest on Debentures)

41 :- Agam Ltd. issued 40,000; 9% Debentures of ₹ 100 each on 1st April, 2024 at a discount of 10% redeemable at a premium of 10%.Assuming that the interest…

Accountancy Class 12 General

Question 34 to 40 (Issue of Debentures with Terms of Redemption)

34 :- On 1st April, 2021, Bingo Ltd. issued Rs 20,00,000, 9% Debentures of Rs 100 each at a premium of 10% redeemable at a premium of 5%.Pass the necessary…

Accountancy Class 12 General

Question 26 to 29 (Issue of Debentures for consideration other than Cash)

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

Question 21 to 25 (Issue of Debentures for consideration other than Cash)

21 :- Gundola Ltd. took over assets of Rs 9,00,000 and liabilities of Rs 3,00,000 from AK Ltd. for an agreed purchase consideration of Rs 14,00,000. The payment was made through a bank…

Accountancy Class 12 General

Question 16 to 20 (Issue of Debentures for consideration other than Cash)

16 :- Joy Ltd. company bought a Building for Rs 9,00,000 and the consideration was paid by issuing 10% Debentures of the nominal (face) value of Rs 100 each at…

Accountancy Class 12 General

Question 11 to 15 (Issue of Debentures at discount for Cash)

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…