A company took a loan of Rs. 4,00,000 from Bandhan Bank Ltd. and issued 8% Debentures of Rs. 4,00,000 as a collateral security. Post category:Accountancy Reading time:1 mins read Solution Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostBest Barcode Ltd. took a loan of Rs. 5,00,000 from a bank giving Rs. 6,00,000; 9% Debentures as collateral security. Pass journal entries regarding issue of debentures, if any, and show this loan in the Balance Sheet of the company. Next PostX Ltd. took a loan of Rs. 3,00,000 from IDBI Bank. The company issued 4,000; 9% Debentures of Rs. 100 each as a collateral security for the same. Show how these items will be presented in the Balance Sheet of the company. You Might Also Like Journalise the following: (a) A debenture issued at Rs.95, repayable at Rs. 100. (b) A debenture issued at Rs.95, repayable at Rs. 105. (c) A debenture issued at Rs.95, repayable at Rs. 105. The face value of debenture is Rs. 100 in each of the above cases. July 18, 2022 What treatment is made of accumulated profits and losses on the retirement of partner? September 27, 2022 ‘Sangam Woollens Ltd.’, Ludhiana, are the manufacturers and exporters of woollen garments. The company decided to distribute free of cost woollen garments to 10 villages of Lahaul and Spiti District of Himachal Pradesh. The company also decided to employ 50 young persons from these villages in its newly established factory. The company issued 40,000 Equity Shares of Rs. 10 each and 1,000, 9% Debentures of Rs. 100 each to the vendor for the purchase of machinery of Rs. 5,00,000. Pass necessary Journal entries. July 18, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Journalise the following: (a) A debenture issued at Rs.95, repayable at Rs. 100. (b) A debenture issued at Rs.95, repayable at Rs. 105. (c) A debenture issued at Rs.95, repayable at Rs. 105. The face value of debenture is Rs. 100 in each of the above cases. July 18, 2022
What treatment is made of accumulated profits and losses on the retirement of partner? September 27, 2022
‘Sangam Woollens Ltd.’, Ludhiana, are the manufacturers and exporters of woollen garments. The company decided to distribute free of cost woollen garments to 10 villages of Lahaul and Spiti District of Himachal Pradesh. The company also decided to employ 50 young persons from these villages in its newly established factory. The company issued 40,000 Equity Shares of Rs. 10 each and 1,000, 9% Debentures of Rs. 100 each to the vendor for the purchase of machinery of Rs. 5,00,000. Pass necessary Journal entries. July 18, 2022