Ashish Ltd. issued 170 debentures of Rs. 100 each to a creditor who has supplied machinery costing Rs. 16,000. Which of the following is correct?
None of these
Debentures are issued at premium of Rs 1000
Debentures are issued at discount of Rs 1000
Debentures are issued at par
Debentures are issued at discount of Rs 1,000 is correct.
XYZ Ltd has issued 20,000 debentures at Rs.100 each. But the public have only subscribed to 16,000 debentures. This is the case of ___________.
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.