Tag: book keeping and accountancy

X Ltd. has issued $14\%$ Debentures of Rs $20,000$ at a discount of $12\%$ on April $01$ and the company pays interest half-yearly on June $30$, and December $31$ every year. On March $31$ the amount shown as "Interest accrued but not due" in the Balance Sheet will be

X Ltd issues $500, 15\%$ Debentures of Rs$100$ each on $1st$ May at a discount of $10\%$ redeemable at a premium of $5\%$ after $4$ years. Interest was payable half yearly on $30th$ June and $31st$ December. The amount of interest paid for the year ended $31st$ March is-

Whenever debentures are cancelled, any profit on cancellation is transferred to _________________.

XYZ Ltd. issued $4,000$ $12\%$ Debentures of Rs. $100$ each on $1.4.05$. Interest is payable on $30$th June and $31$st December each year. Company deducts Income Tax @$10\%$ on interest. What is the net amount of interest paid to Debenture holders on $30.6.05$?

If the whole amount of debenture is received in one installment, then the journal entry for making the allotment is:

Which of the following statement is true?

XY Ltd. has issued $12\%$ Debentures on $1.4.05$ for Rs. $4,00,000$. Interest is payable on $30$th June and $31$st Dec. every year. Amount of outstanding Interest on $31.3.06$ will be.

F Ltd. purchased Machinery from G Company for a book value of Rs. $4,00,000$. The consideration was paid by issue of $10\%$ debentures of Rs. $100$ each at a discount of $20\%$. The debenture account will be credited by.

Textile Ltd. has issued debentures carrying a coupon rate of $12\%$ at a discount of $20\%$. The effective rate of interest for company will be ______ .

T Ltd. has issued $15\%$ Debentures of Rs. $20,00,000$ at a discount of $10\%$ on April $01$, $2004$ and the company pays interest half-yearly on June $30$ and December $31$ every year. On March $31$, $2006$, the amount shown as "interest accrued but not due" in the Balance Sheet will be.