Tag: issue of debentures for consideration other than cash
Questions Related to issue of debentures for consideration other than cash
ABC Ltd. has issued $3,000$ fully Convertible Debentures of Rs. $100$ each. Each Debentures is convertible into $8$ shares of Rs. $10$ each. Amount of share capital credited on conversion will be.
The following entry appears in the books of Vikas Ltd.
| Rs. | Rs. | |
|---|---|---|
| Bank Account | $95,000$ | |
| Loss on issue of Debenture A/c | $13,000$ | |
| To $8\%$ Debentures A/c | $1,00,000$ | |
| To Premium on Redemption of Debentures A/c | $8,000$ |
Debentures have been issued at a discount of.
When debentures are issued as collateral security to a banker, which account will be debited.
X Co. Ltd purchased assets worth Rs. $28,80,000$. It issued debentures of Rs. $100$ each at a discount of $4\%$ in full satisfaction of the purchase consideration. The number of debentures issued to the various of asset is?
The following journal entry appears in the books of X Co. Ltd.
| Bank A/c | Dr. Rs. $4,75,000$ | |
|---|---|---|
| Loss on Issue of Deb. A/c | Dr. Rs. $75,000$ | |
| To $12\%$ Debentures A/c | $5,00,000$ | |
| To Premium on redemption of Deb. A/c | $50,000$ |
Debentures have been issued at a discount of.
When debentures of Rs. $1,00,000$ are issued as collateral security, against a loan of Rs. $1,50,000$, the entry for issue of debentures will be
It is uncommon is case of debentures issued as collateral security that______.
Features of debentures issued as collateral securities. Select from the given options______.
P Ltd. issued $10,000$, $12\%$ debentures of Rs. $100$ each at a premium of $10\%$ which are redeemable after $10$ years at a premium of $20\%$. The amount of loss on redemption of debentures to be written off every year will be.
A Ltd issued $3,000$ $15\%$ Debentures of Rs. $100$ each at a discount of $7.5\%$ payable at a premium of $5\%$ at the end of $5$ years. The loss on issue of debentures will be.