Home
Class 12
ACCOUNTS
Alok Ltd. Issued 7,000, 10% Debentures o...

Alok Ltd. Issued 7,000, 10% Debentures of ₹500 each at a premium of ₹ 50 par debenture redeemable at a premium of 10% after 5 years. According to the terms fo issue, ₹ 200 was payable on application and balance on allotment.
Record necessary Journal entries as the time of issue of 10% Debentures.

Promotional Banner

Similar Questions

Explore conceptually related problems

Alka Ltd. Issued 5,000, 10% Debentures of ₹ 1,000 each at a discount of 10% redeemable at premium of 5% after 5 years. Accounting to the terms of issue ₹ 500 was payable on application and the balance amount on alltment of debentures. Record necessary enteries regarding issue of 10% Debentures .

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.

Ada₹h Cosmetics Ltd. Issued 5,000, 9% Debentures of ₹ 100 each on 1st April, 2019 redeemable at a premium of 8% after 10 yea₹. According to the terms of prospectus ₹ 40 is payable on application and balance on allotment of debentures. Pass the necessart entries regarding issue of debentures.

F Ltd, issue ₹ 7,00,000, 10% Debentures of ₹ 100 each at a premium of 5% redeemable at 110% after 5 yea₹. Journalise.

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

Home Products Ltd. Issued on 1st April, 2018, 10,000 9% Debentures of ₹ 100 each at a premium of 10% redeemable at a premium of 5% after 5 yea₹. Issue price was payable along with application. Pass the necessary Journal entries.

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

    Text Solution

    |

  2. जीवन की उत्पत्ति के समय स्वतंत्र अवस्था में नहीं पायी जाती थी-

    Text Solution

    |

  3. एक इलेक्ट्रॉन 0.1 न्यूटन /ऐम्पियर xx मीटर के एकसमान चुम्बकीय क्षेत्र...

    Text Solution

    |

  4. 20 सेमी त्रिज्या के एक वृत्ताकार लूप में 10 ऐम्पियर की धारा बह रही है।...

    Text Solution

    |

  5. एक सीधे लम्बे तार से 2.0 सेमी दूरी पर चुम्बकीय क्षेत्र की तीव्रता 10 ^...

    Text Solution

    |

  6. प्रदत्त चित्र में दो लम्बे समान्तर धारावाही चालकों में 1 ऐम्पियर तथा ...

    Text Solution

    |

  7. 0.5 Å त्रिज्या के वृत्त में एक इलेक्ट्रॉन 3 xx 10 ^ (5 ) चक्कर/सेकण...

    Text Solution

    |

  8. 2xx10^(-10) मी त्रिज्या के वृत्ताकार मार्ग पर एक इलेक्ट्रॉन 3 xx 10 ...

    Text Solution

    |

  9. 2.0 मिमी व्यास के लम्बे ताँबे के तार में 10 A की धारा है। इस धारा के ...

    Text Solution

    |