A company purchased land & building of the book value of 4,50,000 from Mr. Anand. It was
Question:
A company purchased land & building of the book value of ₹4,50,000 from Mr. Anand. It was agreed that the purchase consideration be paid by issuing 10% debentures of ₹100 each. Pass journal entries if the debentures have been issued:
(i). At par;
(ii). At discount of 10%;
(iii). At a premium of 10%.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 40% (5 reviews)
S No i ii iii Anand Ac Journal Entries Land Building Ac To A...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
A bakery with a December 31 st year end purchased new equipment on October 31 st 2000 for $10,000. This was their first equipment purchase. Required: What are the tax consequences if the equipment is...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
If a bond offers a coupon rate of 5.5% and a yield to maturity of 5.45%, then the: O bond is a premium bond. bond has a high default premium. bond is selling at a discount. promised yield is not...
-
The pump shown below inputs 55 horsepower to the water (at 91% efficiency) as it pumps water from the ocean bay reservoir to the upper seawater reservoir (68F). The elevation difference between the...
-
Is the child credit refundable? Explain.
-
Discuss how such websites as Monster.com, SimplyHired.com, and Careerbuilder.com have changed how companies recruit potential job applicants and how individual applicants look for jobs.
-
The annual sales for Saudi Aramco Corporation were $4.7 million last year. All sales are on credit. The firms end-of-year balance sheet was as follows: The firms income statement for the year was as...
-
This information is available for PepsiCo, Inc. for 2007, 2008, and 2009. InstructionsCalculate the inventory turnover ratio , days in inventory, and gross profit rate for PepsiCo., Inc. for 2007,...
-
1. How the singly linked lists can be represented? 2. How the doubly linked list can be represented? 3. What are benefits of ADT? 4. When singly linked list can be represented as circular linked...
-
Write short notes on Own Debenture.
-
True or False. Debentures can be issued at par and can be redeemed at discount.
-
Refer to the Minitab-generated scatterplot given in Exercise 12 of Section 10-1 on page 485. a. Using the pairs of values for all 8 points, find the equation of the regression line. b. Using only the...
-
Figure 6.12 shows the impact of user perceived response time on revenue, and motivates the need to achieve high-throughput while maintaining low latency. a. Taking Web search as an example, what are...
-
Compute the effective CPI for RISC-V using Figure A.29 and the table above. Average the instruction frequencies of perlbench and sjeng to obtain the instruction mix. Figure A.29 Program astar bzip...
-
Some applications reada large dataset first and then modify most or all of it. The base MSI coherence protocol will first fetch all of the cache blocks in the Shared state and then be forced to...
-
For this exercise, consider a simplified equation for the total operational power of a WSC as follows: a. Assume an 8 MW datacenter at 80% power usage, electricity costs of $0.10 per kilowatt-hour,...
-
Some recent studies have defined a metric called TPUE, which stands for true PUE or total PUE. TPUE is defined as PUE * SPUE. PUE, the power utilization effectiveness, is defined in Section 6.4 as...
-
Why is secondary trading in the security markets important?
-
Express mass density in kg/m3 and weight density in lb/ft3. 1. Find the mass density of a chunk of rock of mass 215 g that displaces a volume of 75.0 cm3 of water. 2. A block of wood is 55.9 in. x...
-
The Balance Sheet of Sunny Electricals Ltd. as on 31st March, 2017 stood as under : I. EQUITY AND LIABILITIES (1) Shareholders' Funds: (a) Share Capital Balance Sheet of Sunny Electricals Ltd. as at...
-
The following is the Balance Sheet of ABC Limited as on 31.3.2017 : The company intends to buy back its equity shares to the extent permitted by law. For this purpose, it wants to sell its...
-
State the meaning of the following in relation to buy back of shares : (a) Free reserves; (b) Proceeds of an earlier issue.
-
A photon collides with an initially stationary free particle. If the initial total energies of the photon and the particle are Ep and Ee , respectively, determine the minimum total energy ( in terms...
-
Two cars leave an intersection with car A traveling due west at a constant speed of 2 0 . 0 mph ( as measured by the ground ) and car B traveling at a constant speed of 3 0 . 0 mph in a direction of...
-
Baillie Power leased high-tech electronic equipment from Courtney Leasing on January 1, 2024. Courtney purchased the equipment from Doane Machines at a cost of $250,000, its fair value. Note: Use...
Study smarter with the SolutionInn App