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Newton Ltd. purchased a Machinery from B...

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.

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6,000 Debentures of ₹ 100 each .
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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.

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.

On 1st April, 2018, Welfare Ltd. took over assets of ₹ 3,50,000 and liabilities of ₹ 60,000 of Himalyan Ltd. for the purchase consideration of ₹ 4,40,000. It paid the purchase consideration by issuing 8% Debentures of ₹ 100 each at 10% premium. On the same date it issued another 3,000, 8% Debentures of ₹ 100 each at a discount of 10%, redeemable at a premium of 5% after 5 years. According to the terms of the issue ₹ 30 is payable on application and the balance on the allotment of debentures. You are required to pass Journal entries in the books of Welfare Ltd. to record the above transactions.

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.

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.

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 .

Exe Ltd. Purchased assets of ₹ 8,40,000 and took over liabilities of ₹ 80,000 of Whe Ltd. at a value of ₹ 7,20,000. Exe Ltd. Issued 10% Debentures of ₹ 100 each at 10 % Discount in full satisfaction of the price. The company decided to weite off discount on Issue of Debentures from Securities Premium Reserve of ₹ 1,00,000. Pass Journal entries in the books of Exe 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.

TS GREWAL-COMPANY ACCOOUNT -ISSUE OF DEBENTURES-Exercise
  1. Joy Ltd. companuy bought a Building for ₹ 100 each at a discont of...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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  20. Journalise the following: (a) A debentures issued at ₹ 95, rapab...

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