Company Accounts Issue Of Debentures CBSE Questions & Answers

The amount agreed to be paid by the purchasing company for the purchasing of business from another enterprises is called

When debentures are issued at specified rate of interest their rate is called

On issuing debentures as a collateral security. Debenture suspense account should be

In a balance sheet of a company debentures are shown as ______

Debenture means a document which

A Ltd. had Rs.5, 00,000 12 percent debentures outstanding as on 1st Jan, 2003. During the year company took a loan of Rs.3, 00,000 from Bank of Punjab for which the company placed with the bank debentures of Rs.3, 60,000 as collateral security. Jouranl entry for loan taken from bank

A Ltd. had Rs.5, 00,000 12 percent debentures outstanding as on 1st Jan, 2003. During the year company took a loan of Rs. 3, 00,000 from Bank of Punjab for which the company placed with the bank debentures of Rs. 3, 60,000 as collateral security. Entry when Debentures issued as collateral security

X Co. Ltd., issued 10000 10 percent debentures of Rs.100 each at a premium of Rs.5 payable as follows On application Rs.40, on Allotment Rs.65 (including premium) All the debentures were subscribed and money was received, pass necessary journal entries to record the issue of debentures

XYZ Co. Ltd., issued 10000 10 percent debentures of Rs.100 each at a premium of Rs.5 payable as follows On application Rs.40, on Allotment Rs.65 (including premium) All the debentures were subscribed and money was received, pass necessary journal entries to record the issue of debentures

XYZ Co. Ltd., issued 10000 5. 10 percent debentures of Rs.100 each at a premium of Rs.5 payable as follows On application Rs.40, on Allotment Rs.65 (including premium) All the debentures were subscribed and money was received, pass necessary journal entries to record the issue of debentures. Security premium amount when allotment money due

A building has been purchased for Rs.1,10,000 from X Ltd., X Ltd., has been issued 12 percent debentures in Purchase Consideration at a Premium of 10 percent Journalize the above transaction.

A building has been purchased for Rs.1,10,000 from X Ltd., X Ltd., has been issued 12 percent debentures in Purchase Consideration at a Premium of 10 percent .By what amount 12 percent Debenture account should be credited while passing the journal entry for issue of 12 percent debentures at 10 percent premium

Raghav Limited purchased a running business from Krishna traders for a sum of Rs.15,00,000 payable Rs.3,00,000 by cheque and for the balance issued 9% debentures of Rs. 100 each at par. The assets and liabilities consisted of the following: Plant and Machinery Rs.4, 00,000 Building Rs.6, 00,000 Stock Rs.5, 00,000 Debtors Rs.3, 00,000 Creditors Rs.2, 00,000.Calculate amount of capital reserve

Raghav Limited purchased a running business from Krishna traders for a sum of Rs.15,00,000 payable Rs.3,00,000 by cheque and for the balance issued 9 percent debentures of Rs.100 each at par. The assets and liabilities consisted of the following: Plant and Machinery Rs.4, 00,000 Building Rs.6, 00,000 Stock Rs.5, 00,000 Debtors Rs.3, 00,000 Creditors Rs.2, 00,000. Journal entries in the books of Raghav Limited. For issue of debentures. Pass entry for issues of 12,000 debentures of Rs.100 each at par and rest paid by a cheque

Shining India Ltd. issued 5000 8 percent Debentures of Rs.100 each payable as Follows Rs.20 on Application Rs.30 on Allotment Rs.50 on First and Final call All the debentures were applied for and allotted. All the calls were duly received. By what amount Allotment money due on 5000debentures at Rs.30 per debenture