Anil Ltd. issued 5,000, 5% debenture of 100 each, at a premium of 10%, payable 30 on

Question:

Anil Ltd. issued 5,000, 5% debenture of ₹100 each, at a premium of 10%, payable ₹30 on application and balance with premium on allotment. Pass journal entries in the books of Anil Ltd.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Corporate Accounting

ISBN: 9789353160739

1st Edition

Authors: Anita Raman, P. Radhika

See More Books

Question Posted: Aug 31, 2023 12:11 PM

See More Questions

M/s Blue Chips Ltd issued 5,000 Equity Shares of 100 each at a premium of 25 per share. On 1st January, 2017 the company received 12,000 applications of which 2,000 applications were totally...
Mcpies International Limited manufactures expensive cars in Japan and then exports some cars to sell in Australia. John Automotive in Australia is currently handling the dealership across Australia...
A limited company issued 90,000 shares of 10 each at a premium of 3 per share payable as follows : On application 6 (including premium) per share, on allotment 5 per share and on call 2 per...
Explain in detail the role of data analytics in healthcare.
Alphonse sells stock with a basis of $5,500 to his brother, Conner, for $4,000. His brother sells it later in the year for $5,100. Identify the tax issue(s) posed by the facts presented. Determine...
Mini Truck Transports established a petty cash fund of $80 on March 1, 2015. On March 12, 2015, the company increased the petty cash fund by $40. On March 31, 2015, the cash box contained $11.14 and...
A deuteron is a charged particle that has the same charge as a proton but approximately twice the mass. An alpha particle has twice the charge and approximately four times the mass of a proton. For...
Slocombe Company sold $6,000,000, 7%, 15-year bonds on January 1, 2014. The bonds were dated January 1, 2014, and pay interest on December 31. The bonds were sold at 98. Instructions (a) Prepare the...
(a) The following information is given for 3 companies that are identical except for their capital structure: Orange Grape Apple Total invested capital 1,00,000 1,00,000 1,00,000 Debt/assets ratio...
A company authorised 2,20,000 debenture holders to convert their debentures into preference shares. Pass necessary journal entry, if. (a). Debentures were converted into 10% preference shares of 100...
Pass journal entries for the following transactions: (a). Issue of debenture at a discount and redeemable at par. (b). Issue of debenture at a premium and redeemable at par. (c). Issue of debenture...
In problem use Theorem 7.4.2 to evaluate the given Laplace transform. Do not evaluate the integral before transforming. Theorem 7.4.2 If f(t) and g(t) are piecewise continuous on [0, ) and of...
Write a program that reads a file containing rows of numbers. Each row may have a different length, and some may be blank. Print the average of each row, or zero if a row is blank.
Write a program that draws three stars like the one at right. Use classes Star, StarComponent, and StarViewer.
Write an AreaTester program that constructs a Rectangle object and then computes and prints its area. Use the getWidth and getHeight methods. Also print the expected answer.
Repeat Exercise Testing P2.11, but now write a graphical application that shows the line and the points. Draw each point as a tiny circle. Use the drawString method to draw each distance next to the...
It is possible to replace an old-fashioned thermostat with a device that can be controlled through a smart phone, without making any other changes to the heating system. Explain this by using the...
What is the prime interest rate? How does the average bank customer fare in regard to the prime interest rate?
The Heese Restaurant Group manufactures the bags of frozen French fries used at its franchised restaurants. Last week, Heeses purchased and used 101,000 pounds of potatoes at a price of $ 0.70 per...
Calculate the managerial remuneration from the following particulars of Zen Ltd. the company has only one Managing Director. Net Profit Net Profit is calculated after considering the following:...
X Limited had 4,800, 12% Convertible Debentures of 100 each. On 1.4.2016 the company accounting to the power of articles, made a notice for getting one of the following options to the...
A Ltd. has issued 2,000, 6% debentures of 100 each on 1st January, 2007. Interest was payable half-yearly on 30th June and 31st December each year. They are repayable at par on 31st December, 2014...
sheridan company provides the following information about its defined benifit pension plan for the yer 2025. Sheridan Company provides the following information about its defined benefit pension plan...
Given the sequence an = an-1 + 5 ; a1 = 3 Evaluate first 5 terms of the sequence By backtracking find an explicit formula for the term an
Forte Company estimates two scenarios of possible future notes receivable uncollectibles and the probability of each not being collected in the next year. The risk-free rate is 4%. (Click the icon to...

Anil Ltd. issued 5,000, 5% debenture of 100 each, at a premium of 10%, payable 30 on

Question:

Step by Step Answer:

To pass journal entries for the issuance of 5000 5 debentures of 100 each at a premium of 10 payable ...View the full answer

Corporate Accounting

Students also viewed these Business questions