XYZ Ltd. Issues Rs. 22,500, 12% debentures of Rs. 100 each payable Rs. 30 on application and remaining amount on allotment. The public applied for Rs. 20, 250 debentures which were fully allotted and all the relevant allotment money was duly received. Give journal entries in the books of ABC Ltd.
KT industries Ltd., issued 1500, 10% debentures of Rs. 110 each at a premium of Rs. 10 per debenture payable as follows:-
On application
Rs. 50
On allotment
Rs. 60
The debentures were fully subscribed and all the money was duly received. Record the journal entries in the books of company. Show the amounts will appear in the balance sheet.
Write the difference between:-
Convertible debentures and non-convertible debentures
Redeemable debentures and irredeemable debentures
CT Ltd. Issued 32,500, 10% debentures of Rs. 100 each, at a premium of Rs. 10 per debenture payable as follows:
On application
Rs.25
On allotment
Rs.45 (including premium)
On first and final call
Rs. 40
The debentures were fully subscribed and all the money was duly received. Record the necessary entries in the books of the company. Show the amount will appear in balance sheet.
PK Ltd. Issued Rs. 26,650, 12% debentures of Rs. 100 each payable Rs. 40 on application, and Rs. 60 on allotment. The public applied for Rs. 37,310 debentures. Applications of 23,985 debentures were accepted in full, applications for 5,330 debentures were allotted 2,665 debentures and the remaining application were rejected. All the money was duly received. Journalise the transactions.
