X.Ltd. issued 15,000, 10% debentures of Rs 100 each. Give journal entr

1.	X.Ltd. issued 15,000, 10% debentures of Rs 100 each. Give journal entries and the Balance Sheet in each of the following cases:(i) The debentures are issued at a premium of 10%;(ii) The debentures are issued at a discount of 5%;(iii) The debentures are issued as a collateral security to bank against a loan of Rs 12,00,000; and(iv) The debentures are issued to a supplier of machinery costing Rs 13,50,000.
Answer» X.Ltd. issued 15,000, 10% debentures of Rs 100 each. Give journal entries and the Balance Sheet in each of the following cases: (i) The debentures are issued at a premium of 10%; (ii) The debentures are issued at a discount of 5%; (iii) The debentures are issued as a collateral security to bank against a loan of Rs 12,00,000; and (iv) The debentures are issued to a supplier of machinery costing Rs 13,50,000.

X.Ltd. issued 15,000, 10% debentures of Rs 100 each. Give journal entries and the Balance Sheet in each of the following cases:(i) The debentures are issued at a premium of 10%;(ii) The debentures are issued at a discount of 5%;(iii) The debentures are issued as a collateral security to bank against a loan of Rs 12,00,000; and(iv) The debentures are issued to a supplier of machinery costing Rs 13,50,000.

Answer»

X.Ltd. issued 15,000, 10% debentures of Rs 100 each. Give journal entries and the Balance Sheet in each of the following cases:

(i) The debentures are issued at a premium of 10%;

(ii) The debentures are issued at a discount of 5%;

(iii) The debentures are issued as a collateral security to bank against a loan of Rs 12,00,000; and

(iv) The debentures are issued to a supplier of machinery costing Rs 13,50,000.

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