On 1stApril, 2023, Viya Ltd. issued 20,000, 10% debentures of ₹ 100 each at a premium of 10%. The total amount of interest on debentures for the year ended 31stMarch, 2024 will be :
Show Hint
- ₹ 2,000
- ₹ 2,20,000
- ₹ 2,00,000
- ₹ 20,000
The Correct Option is C
Solution and Explanation
Interest = 10% of ₹20,00,000 = ₹2,00,000
Top Questions on Issue of Debentures
Mayank Ltd. invited applications for issuing 70,000 equity shares of 100 each. The amount was payable as follows:
On Application – 20 per share
On Allotment – 40 per share
On First Call – 20 per share
On Second and Final Call – Balance
Applications for 1,00,000 shares were received and allotment was made to all the applicants on pro-rata basis. Jay, a shareholder who had applied for 1,000 shares, failed to pay the allotment money and his shares were forfeited immediately after the allotment. Meenakshi, the shareholder of 1,400 shares, failed to pay the first call money and her shares were forfeited just after the first call. The second and final call has not been made.
Pass necessary journal entries in the books of the company for the above transactions.- CBSE CLASS XII - 2025
- Accountancy
- Issue of Debentures
- Pass necessary journal entries for the issue of debentures in the books of NK Ltd. for the following transactions:
(i) Issued 500, 9% Debentures of 100 each at 10% discount, redeemable at a premium of 10% after 5 years.
(ii) Issued 400, 9% Debentures of 100 each at 5% discount, redeemable at par after 5 years.- CBSE CLASS XII - 2025
- Accountancy
- Issue of Debentures
On 1st April, 2024, Varsha Ltd. purchased from Rama Ltd., furniture at 12,00,000 and machinery at 20,00,000. It also took over its liabilities amounting to 3,00,000. The purchase consideration of 35,00,000 was paid by issuing a bank draft of 2,00,000 and the balance by issue of 11% Debentures of 100 each, at a premium of 10%.
Pass necessary journal entries for the above transactions in the books of Varsha Ltd.- CBSE CLASS XII - 2025
- Accountancy
- Issue of Debentures
On 1st April, 2023, Mudra Ltd. issued 9,000, 12% Debentures of 100 each at 10% premium, redeemable at a premium of 10% after 4 years. The interest due on debentures for the year ended 31st March, 2024 was:
- CBSE CLASS XII - 2025
- Accountancy
- Issue of Debentures
On 1st October, 2024, Nirmal Ltd. issued 6,000, 11% Debentures of 100 each at a premium of 10%, redeemable at a premium of 10%. ‘Loss on Issue of Debentures’ will be:
- CBSE CLASS XII - 2025
- Accountancy
- Issue of Debentures
Questions Asked in CBSE CLASS XII exam
- An aqueous solution of NaOH was made and its molar mass from the measurement of osmotic pressure at 27°C was found to be 25 g mol$^{-1$.}
Calculate the percentage dissociation of NaOH in this solution.- CBSE CLASS XII - 2025
- Solutions
- A small conducting sphere A of radius \( r \) charged to a potential \( V \), is enclosed by a spherical conducting shell B of radius \( R \). If A and B are connected by a thin wire, calculate the final potential on sphere A and shell B.
- CBSE CLASS XII - 2025
- Electric charges and fields
- You are Mrs. Savita Manjrekhar, a professor in English. You are invited to be one of the judges for the inter-school debate competition by the Principal of J.M. Public School, Cochin. Write a formal letter expressing your inability to accept the invitation.
- CBSE CLASS XII - 2025
- Letter Writing
Find the interval in which $f(x) = x + \frac{1}{x}$ is always increasing, $x \neq 0$.
- CBSE CLASS XII - 2025
- Differentiation
- Find the effective resistance of the network of resistors between points A and F as shown in the figure.
- CBSE CLASS XII - 2025
- Resistance