ISSUE OF DEBENTURE WITH TERMS OF REDEMPTION Class-12 Accounts Boards 2025 скачать в хорошем качестве

ISSUE OF DEBENTURE WITH TERMS OF REDEMPTION Class-12 Accounts Boards 2025

ISSUE OF DEBENTURE WITH TERMS OF REDEMPTION 6 Marks पक्के Class-12 Accounts Boards 2025 1. Pass the necessary journal entries for 'Issue of Debenture' for the following: (i) Arman Ltd. issued 750, 12% Debentures of ₹100 each at a discount of 10% redeemable at a premium of 5%. (ii) Sohan Ltd. issued 800, 9% Debentures of ₹100 each at a premium of 20 per debenture redeemable at a premium of 10 per Debenture. 2. Pass necessary Journal entries for the following transactions relating to issue of debentures: (a) Gagan Limited issued 10,00,000, 9% Debentures of 100 each at a premium of 5%, redeemable at par after four years. (b) KS Limited issued 10,00,000, 10% Debentures of 100 each at par, redeemable at 10% premium after four years. (c) QR Limited issued 10,00,000, 9% Debentures of 100 each at a discount of 10%, redeemable at a premium of 5% after five years. 3. On 1-4-2021, Motilal Ltd. issued 20,000, 6% debentures of 100 each at a discount of 4% redeemable at a premium of 5% after three years. The amount was payable as follows: On application 50 per debenture. Balance on allotment.Motilal Ltd. has a balance of ₹50,000 in Securities Premium. Profit for the year was ₹75,000. Pass the journal entries for issue of debentures and writing off the loss on issue of debentures.