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Chand Ltd . Issued 50,000, 8% Debentures...

Chand Ltd . Issued 50,000, 8% Debentures of ₹ 100 each, payable on application and redeemable at par after 6 yea₹. Pass necessary entries for issue of debentures in the books of Chand Ltd.

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Anushree Ltd. Issued 10,000, 9% Debentures of ₹ 50 each at a discount of 8% redeemable at par after 7 yea₹. Pass necessary entries in the books of Anushree Ltd

Bule Ltd. Issued ₹ 8,00,000, 9% Debentures of ₹ 100 each at per and redeemable at 10% premium at the end of sixth year. Pass Journal entries for issue of debentures.

On 1st April, 2015, V.V.L. Ltd. Issued 1,000, 9% Debentures of ₹ 100 each at a discount of 6%, redeemable at a premium of 10% after three years. Pass necessary Journal entries for the issue of debentures and debentures interest for the year ended 31st March, 2016, assuming that interest is payable on 30th September and 31st March and the rate of tax deducted at source is 10% .

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.

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.

On 1st April, 2018, Amro Ltd. Issued 10,000, 9% Debentures of ₹ 100 each at a discount of 10% redeemable at par after 5 yea₹. The issue price is payable along with application. The debentures were subscribed. It has a balance of ₹ 1,75,000 in Securities Premium Reserve. Pass Journal entries for issue of debentures and writing off the discount and prepare Discount of Issue of Debentures Account.

Good Blankets Ltd.'are the manufacture₹ of woollen blankets. Blankets of the company are exported to many countries. The company decided to employ 100 youth from nearby villages in their newly established factory in the state. To meet the requirements of funds for starting its new factory, the company issued 50,000 equity shares of ₹ 10 each at par and 2,000, 8% Debentures of ₹ 100 each to the vendo₹ of machinery purchased for ₹ 7,00,000. Pass necessary Journal entries for the above transctions in the books of the company .

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