Accounting for ...

ABC Ltd issued 5000 10% Debentures of ₹100 each payable as ₹40 on application and ₹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% Debentures of ₹100 each payable as ₹40 on application and ₹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

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

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

Vinod Electronics Ltd. purchased machinery for ₹198000 and issued 9% debentures of ₹100 each to the vendors. Make journal entries if the debentures were issued at a premium of ₹10.Vendor’s account should be debited by…….

Debenture Application Account is:

Debenture Allotment Account is:

Premium on Redemption of Debentures Account is: