Company Accounts Issue Of Debentures CBSE Questions & Answers

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. Calculate the amount for Debentures first and final call money made due at Rs.50 per debenture

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. Receipt of Debentures first and final call money

ABC Ltd issued 5000 10 percent Debentures of Rs.100 each payable as Rs.40 on application and Rs.60 on allotment. Applications were received for 6000 debentures. Applicants for 500 debentures were sent letter of regret and money was returned. Allotment was made proportionately to the remaining applicants. Over subscription was applied to the amount due on allotment. All money was duly received. Calculate amount to be returned to the applicants

ABC Ltd issued 5000 10 percent Debentures of Rs.100 each payable as Rs.40 on application and Rs.60 on allotment. Applications were received for 6000 debentures. Applicants for 500 debentures were sent letter of regret and money was returned. Allotment was made proportionately to the remaining applicants. Over subscription was applied to the amount due on allotment. All money was duly received. By what amount Debentures Allotment A/c be credited while passing entry for allotment money received

ABC Ltd issued 5000 10 percent Debentures of Rs.100 each payable as Rs.40 on application and Rs.60 on allotment. Applications were received for 6000 debentures. Applicants for 500 debentures were sent letter of regret and money was returned. Allotment was made proportionately to the remaining applicants. Over subscription was applied to the amount due on allotment. Journal entries for the above transactions for application money received

A company has issued 5000 10 percent Debentures of Rs.100 each at a premium of 20 percent payable as Rs.60 on application Rs.60 on allotment (including premium) All the debentures were subscribed for and money was duly received. Calculate security premium account

A company has issued 2000 9 percent debentures of Rs.100 each at a discount of 10 percent payable as Rs.40 on application Rs.50 on allotment. Calculate amount of debenture discount

M.B. Electronics Ltd. purchased machinery for Rs.198000 and issued 9 percent debentures of Rs.100 each to the vendors. Make journal entries if the debentures were issued at a premium of Rs.10.Vendor account should be debited by

Sky Rocketing Company Ltd issued 6000 10 percent debentures of Rs.100 each to the bank as collateral security against a loan of Rs.500000 taken from the bank. Record the issue of debentures in the books of the company

A company issues 1000 debentures of Rs.1000 each at a discount of 10 percent for a period of 5 years i.e. to be redeemed after 5 years. Calculate the amount of discount to be written off each year

A company issues 1000 debentures of Rs.1000 each at a discount of 10 percent for a period of 5 years i.e. to be redeemed after 5 years. Prepare on issue of debentures discount account.

A company issues 1000 10 percent Debentures of Rs.1000 each on 1st Jan, 2012 payable at a premium of 10 percent after 5 years. Calculate amount of Loss on Issue of Debentures A/c for the year ending 31st December 2012.

X Ltd has issued 5000 9 percent Debentures of Rs.1000 each, on 1st April, 2006 Interest is payable after every six months. Calculation of Interest payable at six monthly intervals

X Ltd has issued 5000 9 percent Debentures of Rs.1000 each, on 1st April, 2006 Interest is payable after every six months. Journal entry for Interest payable at six monthly intervals

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.