What entry may be passed when debentures are issued as Collateral Security? Post category:Accountancy Reading time:1 mins read SOLUTION Debenture Suspense A/c Dr. To Debentures A/c 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 PostWhat is meant by Issue of Debentures as Collateral Security? (C.B.S.E. 2018, 2020). Next PostWhy are irredeemable debentures also known as perpetual debentures? (C.B.S.E. Sample Paper. 20I8). You Might Also Like Varun Ltd. issued Rs. 10,00,000 shares of Rs. 100 each at a premium of Rs. 20 for subscription payable as: July 13, 2022 On the basis of the following data how much final payment will be made to a partner on firm’s dissolution? Credit balance of Capital Account Rs. 50,000; Share of loss on realisation Rs. 10,000; Firm’s liability taken over by him for Rs. 8,000. September 27, 2022 On 1st April, 2013, Jay and Vijay entered into partnership for supplying laboratory equipments to government schools situated in remote and backward areas. They contributed capitals of Rs. 80,000 and Rs. 50,000 respectively and agreed to share the profits in the ratio of 3: 2. The partnership Deed provided that interest on capital shall be allowed at 9% per annum. During the year the firm earned a profit of Rs. 7,800. Showing your calculations Cleary, prepare ‘Profit and Loss Appropriation Account’ of Jay and Vijay for the year ended 31st March, 2014. July 21, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Varun Ltd. issued Rs. 10,00,000 shares of Rs. 100 each at a premium of Rs. 20 for subscription payable as: July 13, 2022
On the basis of the following data how much final payment will be made to a partner on firm’s dissolution? Credit balance of Capital Account Rs. 50,000; Share of loss on realisation Rs. 10,000; Firm’s liability taken over by him for Rs. 8,000. September 27, 2022
On 1st April, 2013, Jay and Vijay entered into partnership for supplying laboratory equipments to government schools situated in remote and backward areas. They contributed capitals of Rs. 80,000 and Rs. 50,000 respectively and agreed to share the profits in the ratio of 3: 2. The partnership Deed provided that interest on capital shall be allowed at 9% per annum. During the year the firm earned a profit of Rs. 7,800. Showing your calculations Cleary, prepare ‘Profit and Loss Appropriation Account’ of Jay and Vijay for the year ended 31st March, 2014. July 21, 2022