Accounting for Debentures Test - 9

XYZ Co. Ltd., issued 10000, 10% 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, at the time of allotment Securities premium account is to be credited with…..

Premium on redemption of debentures is in the nature of

Vinod Ltd. purchased machinery worth ₹5500072,000 and issued 12% debentures of ₹55000100 each at a discount of 4% in settlement of purchase price. Calculate No. of debentures issued.

Revaluation account is

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

Shining India Ltd. issued 5000 8% Debentures of ₹100 each payable as Follows ₹20 on Application ₹30 on Allotment ₹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 will be due?

Shining India Ltd. issued 5000 8% Debentures of ₹100 each payable as Follows ₹20 on Application ₹30 on Allotment ₹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 @ ₹50 per debenture