What is meant by redemption of debentures by lump sum payment? Post category:Accountancy Reading time:1 mins read SOLUTION Under this method, the Company redeems whole of its Debenture in one lump-sum at the expiry of a specified period, i.e., at maturity date of the debentures or earlier at the option of the company. Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ 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 PostName any two Companies are exempted from creating Redemption Reserve’ by the SEBI. Next PostWhat is the balance of Debenture Redemption Reserve transferred to General Reserve? You Might Also Like Show the forfeiture and reissue entries under each of the following cases:(i) X Ltd. forfeited 300 shares of Rs. 10 each, Rs. 8 called-up held by Mr. A for non-payment of second call money of Rs. 3 per share. These shares were reissued to Mr. Z for Rs. 10 per share as fully paid-up.(ii) Y Ltd. forfeited 400 shares of Rs. 10 each, fully called-up, held by Mr. B for non-payment of final call money of Rs. 4 per share. These shares were reissued to Mr. T at Rs. 12 per share as fully paid-up.(iii) LightLtd. forfeited 250 shares of Rs. 10 each, fully called-up held by Mr. C for non-payment of allotment money of Rs. 3 per share and first and final call money of Rs. 4 per share. These shares were reissued @ Rs. 8 per share as fully paid-up to Mr. P. July 14, 2022 On firm’s dissolution, what entry will be made on realisation of goodwill which was shown in Balance Sheet? September 27, 2022 What is the purpose of allowing interest on partners’ capital? September 26, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Show the forfeiture and reissue entries under each of the following cases:(i) X Ltd. forfeited 300 shares of Rs. 10 each, Rs. 8 called-up held by Mr. A for non-payment of second call money of Rs. 3 per share. These shares were reissued to Mr. Z for Rs. 10 per share as fully paid-up.(ii) Y Ltd. forfeited 400 shares of Rs. 10 each, fully called-up, held by Mr. B for non-payment of final call money of Rs. 4 per share. These shares were reissued to Mr. T at Rs. 12 per share as fully paid-up.(iii) LightLtd. forfeited 250 shares of Rs. 10 each, fully called-up held by Mr. C for non-payment of allotment money of Rs. 3 per share and first and final call money of Rs. 4 per share. These shares were reissued @ Rs. 8 per share as fully paid-up to Mr. P. July 14, 2022
On firm’s dissolution, what entry will be made on realisation of goodwill which was shown in Balance Sheet? September 27, 2022