Home
Class 12
ACCOUNTS
A Ltd. Issued 2,000, 9% Debentures of 10...

A Ltd. Issued 2,000, 9% Debentures of 100 each on the following terms:
₹ 20 on application, ₹ 20 on allotment, ₹ 30 on first call, ₹ 30 on final call.
The Public applied for 2,400 debentures, Application for 1,800 debentures were accapted in full Application for 400 debentures were allotted 200 debentures and applications for 200 debentures were rejected. Pass necessary Journal entries.

Promotional Banner

Topper's Solved these Questions

  • COMPANY ACCOOUNT -ISSUE OF DEBENTURES

    TS GREWAL|Exercise Evaluation Questions|4 Videos
  • COMPANY ACCOOUNT -ISSUE OF DEBENTURES

    TS GREWAL|Exercise Questions(Very short Answer Type Questions)|11 Videos
  • COLLAGE OF OBJECTIVE TYPE/MULTIPLE CHOICE QUESTIONS (MCQS)

    TS GREWAL|Exercise Multiple choice question|286 Videos
  • COMPANY ACCOUNTS REDEMPTION OF DEBENTURES

    TS GREWAL|Exercise EXERCISE|24 Videos
TS GREWAL-COMPANY ACCOOUNT -ISSUE OF DEBENTURES-Exercise
  1. vishwas Ltd. Issued 2,000, 9% Debentures of ₹ 100 each payable as fo...

    Text Solution

    |

  2. A Ltd. Issued 2,000, 9% Debentures of 100 each on the following terms:...

    Text Solution

    |

  3. ABC Ltd. Issued 10,000, 10% Debentures of ₹ 100 each at par for cash...

    Text Solution

    |

  4. Narain Laxmi Ltd. Invited applications for issuing 7,500, 12% Debentu...

    Text Solution

    |

  5. Raj Ltd. Issued 5,000, 8% Debentures of ₹ 100 each at a premium of...

    Text Solution

    |

  6. Nipa Limited issued ₹ 10,00,000 Debentures of ₹ 100 each at a prem...

    Text Solution

    |

  7. Alok Ltd. Issued 7,000, 10% Debentures of ₹500 each at a premium of ...

    Text Solution

    |

  8. Vijay Laxmi Ltd. Invited applicatins for 10,000, 12% Debentures of ₹...

    Text Solution

    |

  9. Iron Products Ltd. Issued 5,000, 9% Debentures of ₹ 100 each at a pr...

    Text Solution

    |

  10. X Ltd issued 12,000, 8% Debentures of ₹ 100 each ar a discout of 5% ...

    Text Solution

    |

  11. Alka Ltd. Issued 5,000, 10% Debentures of ₹ 1,000 each at a discount...

    Text Solution

    |

  12. Amrit Ltd. Was promoted by Amrit and Bhaskar with an authorised capita...

    Text Solution

    |

  13. Joy Ltd. companuy bought a Building for ₹ 100 each at a discont of...

    Text Solution

    |

  14. Why Ltd. pruchased an established business for ₹ 2,00,000 payable...

    Text Solution

    |

  15. Newton Ltd. purchased a Machinery from B for ₹ 5,76,000. to be paid ...

    Text Solution

    |

  16. Reliance Ltd. Purchased machinery costing ₹ 1,35,000. It was agreed...

    Text Solution

    |

  17. Deepak Ltd. Purchaed furniture of ₹ 2,20,000 from M/s. Furniture Mar...

    Text Solution

    |

  18. Bright Ltd. Took over the assets of ₹ 6,60,000 and liabilities of â‚...

    Text Solution

    |

  19. Star Ltd. Took over the assets of ₹ 6,60,000 and liabilities of â...

    Text Solution

    |

  20. Romi Ltd. Acquired assets of ₹ 20 lakhs and took over creditors o...

    Text Solution

    |