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Why Ltd. pruchased an established bus...

Why Ltd. pruchased an established business for ₹ 2,00,000 payable as ₹ 65,000 by chaque and the balance by issing 9% Debentures of ₹ 100 each at a discount of 10%
Give Journal entries in the books of wye Ltd.

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The correct Answer is:
1,500 Debentures of ₹ 100 each.
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Rocky Ltd. Pruchased building for ₹ 22,00,000. Half the payment was made by cheque and the balance half by issue of 9% Debentures of ₹ 100 each at a premium of 10%. Pass necessary Journal entries.

Joy Ltd. companuy bought a Building for ₹ 100 each at a discont of 10% . Give Journal entries.

Green Ltd. Purchased the assets of Strong Ltd. For ₹ 40,00,000 and took over liabilities of ₹ 7,00,000 at an agreed value of ₹ 32,40,000. Payment was made by issuing 10% Debentures of ₹ 100 each at a discount of 10%. Pass the necessary Journal entries in the books of Green Ltd.

Exe Ltd. Took over assets of ₹ 7,00,000 and liabilities of ₹ 60,000 of Wyc Ltd. For the purchase consideration by issuing 9% Debentures of ₹ 100 each at 10% premium. Pass Journal entries in the books of Exe Ltd.

Bright Ltd. Took over the assets of ₹ 6,60,000 and liabilities of ₹ 80,000 of star Ltd. For an agreed purchase consideration of ₹ 6,00,000 payable 10% in cash and the balance by the issue of 12 % Debentures of ₹ 100 each. Give necessary Journal entries in the books of Bright Ltd ., assuming that: Case(a): The debantures are issued at par. Case (b): The debentures are issued at 20% Premium. Case (c): The debentures are issued at 10% discount .

Pass Journal entries for the following transactions: Green Ltd. Purchased plant and machinery for ₹ 2,00,000 payable by three months post-dated cheque and balance by issue of 6% Debentures of ₹ 100 each at a discount of 10% . The company has balance of ₹ 10,000 in Securities Premium Reserve. It decided to write off Discount from securities from Securities Premium Reserve up to the balance in the account. 1. Number of Debentures issued =(Purchase Price - Cash Payment)/(Issue Price of Debenture) . =(₹ 20,00,000 - ₹ 65,000)/(₹ 100 - ₹ 10) = (₹ 1,35,000)/(₹ 90) = 1,500 Debentures. Post-dated cheque will be recorded in the books of drawer when it is issued.

R Ltd. Purchased the assets of S Ltd. For ₹ 5,00,000. It also agreed to take over the liabilities of S Ltd. Amounted to ₹ 2,00,000 for a purchase consideration of ₹ 2,80,000. The payment of S Ltd. Was made by issue of 9% Debentures of ₹ 100 each at par. Pass necessary Journal entries in the books of R Ltd.

Green Ltd. Issued ₹ 8,00,000, 9% Debentures of ₹ 100 each at a premium of 5 % redeemable at par. Give Journal entries.

Newton Ltd. purchased a Machinery from B for ₹ 5,76,000. to be paid by the issue of 9% Debentures of ₹ 100 each at 4% discount . Journalise the trnsactions.

TS GREWAL-COMPANY ACCOOUNT -ISSUE OF DEBENTURES-Exercise
  1. Amrit Ltd. Was promoted by Amrit and Bhaskar with an authorised capita...

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

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

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

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

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

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

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

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

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

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  11. Exe Ltd. Purchased assets of the books value ₹ 4,00,000 and took ov...

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  12. R Ltd. Purchased the assets of S Ltd. For ₹ 5,00,000. It also agree...

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  13. Green Ltd. Purchased the assets of Strong Ltd. For ₹ 40,00,000 and...

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  14. Wellbeing Ltd. Took over assets of ₹ 9,80,000 and liabilities of ...

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  15. Grown Ltd. Issued 500, 10% Debentures of ₹ 1,000 each credited as f...

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  16. Sangam Woolens Ltd.,' Ludhiana, are the manfactures and exporters of w...

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  17. Best Barcode Ltd. took a loan of ₹ 5,00,000 from a bank giving ₹...

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  18. A company took a loan of ₹ 4,00,000 from Bandhan Bank Ltd. and issu...

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  19. X Ltd. took a loan of ₹ 3,00,000 from IDBI Bank. The company issued...

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  20. S. Singh Limited obtained a loan of ₹ 5,00,000 from State Bank of I...

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