Are there any legal restrictions, similar to shares, for issue of debentures at a discount? Post category:Accountancy Reading time:1 mins read SOLUTION No, there are no restrictions relating to discount on issue of debentures. 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 PostAre debentures less riskier than shares? Next PostMention two differences between ‘Premium on Issue of Debentures’ and ‘Premium on Redemption of Debentures’. You Might Also Like P and Q were partners in a firm sharing profits and losses equally. Their fixed capitals were Rs. 2,00,000 and Rs. 3,00,000 respectively. The Partnership Deed provided for interest on capital @ 12% per annum. For the year ended 31st March, 2016, the profits of the firm were distributed without providing interest on capital. Pass necessary adjustment entry to rectify the error. July 21, 2022 What is meant by ‘Solvency of Business’? (C.B.S.E. 2016) October 1, 2022 S. Singh Limited obtained a loan of Rs. 5,00,000 from State Bank of India @ 10% p.a. interest. The company issued Rs. 7,50,000, 10% Debentures of Rs. 100 each in favour of State Bank of India as Collateral Security. Pass necessary Journal entries for the above transactions: (i) When company decided not to record the issue of 10% Debentures as Collateral Security. (ii) When company decided to record the issue of 10% Debentures as Collateral Security. July 18, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
P and Q were partners in a firm sharing profits and losses equally. Their fixed capitals were Rs. 2,00,000 and Rs. 3,00,000 respectively. The Partnership Deed provided for interest on capital @ 12% per annum. For the year ended 31st March, 2016, the profits of the firm were distributed without providing interest on capital. Pass necessary adjustment entry to rectify the error. July 21, 2022
S. Singh Limited obtained a loan of Rs. 5,00,000 from State Bank of India @ 10% p.a. interest. The company issued Rs. 7,50,000, 10% Debentures of Rs. 100 each in favour of State Bank of India as Collateral Security. Pass necessary Journal entries for the above transactions: (i) When company decided not to record the issue of 10% Debentures as Collateral Security. (ii) When company decided to record the issue of 10% Debentures as Collateral Security. July 18, 2022