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  • Question 1
    1 / -0

    A Ltd. had Rs. 5, 00,000 12% 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

  • Question 2
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    A building has been purchased for Rs.1,10,000 from X Ltd., X Ltd., has been issued 12% debentures in Purchase Consideration at a Premium of 10% Journalize the above transaction.

  • Question 3
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    A building has been purchased for Rs.1,10,000 from X Ltd., X Ltd., has been issued 12% debentures in Purchase Consideration at a Premium of 10% Journalize the above transaction.

  • Question 4
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    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…….

  • Question 5
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    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. 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.

  • Question 6
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    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, What journal entry is to be recorded at the time of allotment?

  • Question 7
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    Shining India Ltd. issued 5000, 8% 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. What will be the journal entry of First and final call received.

  • Question 8
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    X 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, What will be the first journal entry?

  • Question 9
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    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

  • Question 10
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    Debenture Allotment Account is:

  • Question 11
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    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.

  • Question 12
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    Debenture Application Account is:

  • Question 13
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    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

  • Question 14
    1 / -0

    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

  • Question 15
    1 / -0

    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. Give Journal entries for the above transactions for application money received

  • Question 16
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    Which of the following is not a Personal Account?

  • Question 17
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    Which of the following is correct?

  • Question 18
    1 / -0

    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…..

  • Question 19
    1 / -0

    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

  • Question 20
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    Vinod Limited issued 6000, 10% debentures of Rs.100 each to the bank as collateral security against a loan of Rs.5,00,000 taken from the bank. Record the issue of debentures in the books of the company.

  • Question 21
    1 / -0

    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.

  • Question 22
    1 / -0

    Revaluation account is

  • Question 23
    1 / -0

    Premium on Redemption of Debentures Account is:

  • Question 24
    1 / -0

    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?

  • Question 25
    1 / -0

    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

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