A company took a loan of Rs. 4,00,000 from Bandhan Bank Ltd. and issued 8% Debentures of Rs. 4,00,000 as a collateral security. Post category:Accountancy Reading time:1 mins read Solution Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostBest Barcode Ltd. took a loan of Rs. 5,00,000 from a bank giving Rs. 6,00,000; 9% Debentures as collateral security. Pass journal entries regarding issue of debentures, if any, and show this loan in the Balance Sheet of the company. Next PostX Ltd. took a loan of Rs. 3,00,000 from IDBI Bank. The company issued 4,000; 9% Debentures of Rs. 100 each as a collateral security for the same. Show how these items will be presented in the Balance Sheet of the company. You Might Also Like State with reason, whether the Proprietary Ratio will improve, decline or will not change because of the following transactions if Proprietary Ratio is 0.8: 1: (i) Obtained a loan of Rs. 5,00,000 from State Bank of India payable after five years. (ii) Purchased machinery of Rs. 2,00,000 by cheque. (iii) Redeemed 7% Redeemable Preference Shares Rs. 3,00,000. (iv) Issued equity shares to the vendor of building purchased for Rs. 7,00,000. (v) Redeemed 10% redeemable debentures of Rs. 6,00,000. August 13, 2022 What is meant by ‘Profitability of Business’? October 3, 2022 Tom and Harry were partners in a firm sharing profits in the ratio of 5: 3. During the year ended 31st March, 2015 Tom had withdrawn Rs. 40,000. Interest on his drawings amounted to Rs. 2,000. Pass necessary Journal entry for charging interest on drawings assuming that the capitals of the partners were fluctuating. (AI 2016) October 7, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
State with reason, whether the Proprietary Ratio will improve, decline or will not change because of the following transactions if Proprietary Ratio is 0.8: 1: (i) Obtained a loan of Rs. 5,00,000 from State Bank of India payable after five years. (ii) Purchased machinery of Rs. 2,00,000 by cheque. (iii) Redeemed 7% Redeemable Preference Shares Rs. 3,00,000. (iv) Issued equity shares to the vendor of building purchased for Rs. 7,00,000. (v) Redeemed 10% redeemable debentures of Rs. 6,00,000. August 13, 2022
Tom and Harry were partners in a firm sharing profits in the ratio of 5: 3. During the year ended 31st March, 2015 Tom had withdrawn Rs. 40,000. Interest on his drawings amounted to Rs. 2,000. Pass necessary Journal entry for charging interest on drawings assuming that the capitals of the partners were fluctuating. (AI 2016) October 7, 2022