Home
Class 12
ACCOUNTS
T.V Components Ltd., issued 10,000, 12% ...

T.V Components Ltd., issued 10,000, 12% debentures of Rs each at a discount of 5% payable as follows:
on application Rs40
on allotment
Show the journal entries including those for cash , assuming that all the instalments were duly collected ,Also shown the relevant portion of the balance sheet .

Text Solution

Verified by Experts


Promotional Banner

Topper's Solved these Questions

  • FINANCIAL STATEMENTS OF A COMPANY

    NCERT|Exercise Long Answer Questions|8 Videos
  • RECONSTITUTION OF A PARTNERSHIP FIRMADMISSION OF A PARTNER

    NCERT|Exercise Numerical Questions|35 Videos

Similar Questions

Explore conceptually related problems

X Ltd issued 12,000, 8% Debentures of ₹ 100 each ar a discout of 5% payable as 25 % on application: 20% on allotment and balance after three months. Pass Journal entries.

Raj Ltd. Issued 5,000, 8% Debentures of ₹ 100 each at a premium of 5% payable as follows: ₹ 10 0n application, ₹ 20 along with premium on allotment and balance on first call. Pass necessary Journal entries.

Intex Ltd . Issued 10,000, 10% Debentures of ₹ 100 each at a primium of 10%, Payable along with application. Application were received for all the debentures issued and allotment was made. Pass the Journal enteries.

Lemon Tree Ltd. Issued 5,000, 9% Debentures of ₹ 100 each at a premium of 20% payable: On Application - ₹ 50, On Allotment - Balance. Applications were received for the debentures issued and also the amount due on allotment. Pass the Juurnal entries for the above.

(Issue of Shares at Premium, Fully Subscribed, Amount Payable in Instalments). Fine Craft Ltd. issued 50,000 Equity Shares of Rs. 10 each at a premium of Rs. 2 per share payable as follows: Rs. 3 on application, Rs. 6 on allotment, and Rs. 3 on first and final call. All the shares were applied for and duly allotted. Pass necessary Journal entries.

A Limited issued 5000, 10% debentures of Rs 100 each at a premium of Rs 10 per debentures payable as follows: On application Rs25 On alotment Rs 45 (including premium) On forst and final call Rs 40 The debenturs were fully subscribed and all money was duly recived Record the necessary entries in thge books of the company.Show how the amounts will appear in the balance sheet.

Footfall Ltd. Issue 10,000 Debentures of ₹ 100 each at a discount of 10% redeemable at a premium of 5% after the expiry of three years. Pass Journal entries for the issue of these debentures.

NCERT-ISSUE AND REDEMPTION OF DEBENTURES-Illustration
  1. ABC Lemited issured Rs 10,000 12% debentures of Rs 100 each payable Rs...

    Text Solution

    |

  2. T.V Components Ltd., issued 10,000, 12% debentures of Rs each at a dis...

    Text Solution

    |

  3. The debentures were fully subscribed and all money was duly received R...

    Text Solution

    |

  4. A Limited issued 5000, 10% debentures of Rs 100 each at a premium of R...

    Text Solution

    |

  5. X Limited Issued 10,000 , 12% debentures of Rs 100 each payable Rs 40 ...

    Text Solution

    |

  6. Aashirward Company Limited purchased assets of the book value of Rs 2,...

    Text Solution

    |

  7. Rai company purchased assets of the book value of Rs 2,20,000 from ano...

    Text Solution

    |

  8. National Packaging company pruchased assets of the value of Rs 1,90,00...

    Text Solution

    |

  9. G.S Rai company pruchased assets of the book value of Rs 99,000 from a...

    Text Solution

    |

  10. Romi Ltd acquired assets of Rs 20 lakh and took over creidtors of Rs 2...

    Text Solution

    |

  11. Blue prints Ltd., purchased building wirth Rs 150,000 machinery worth ...

    Text Solution

    |

  12. A Limited took over the assets of Rs 300000 and liabilities lof Rs 100...

    Text Solution

    |

  13. Suvidha Ltd purchased machinery worth Rs 198000 from suppliers Ltd.The...

    Text Solution

    |

  14. A company took loan of Rs 1000000 from Punjab National Bank and issued...

    Text Solution

    |

  15. Give Journal entries for the following: 1. Issued of Rs 100,000 , 9%...

    Text Solution

    |

  16. You are required to pass the journal entries relating to the issue of ...

    Text Solution

    |

  17. A Ltd issued 2000 , 10% debentures of Rs 100 each on April 01,2016 at ...

    Text Solution

    |

  18. A Ltd. Company has issued Rs 100,000, 9% debentures at a discount of 6...

    Text Solution

    |