X Limited had * 8,00,000, 5% debentures outstanding as on 1st January, 2019, redeemable
on 31st December, 2019. On that day, the sinking fund was 7,49,000 represented by
* 1,00,000 own debentures purchased at the average price of 99 and 6,60,000, 3% stock.
The annual instalment was 28,400. On 31st December, 2019, the investment were
realised @ 98 and the 5% debentures were redeemed. Company had bank balance of
2,400 for payment of these debentures. Write up necessarry accounts
Answers
Answer:
X Limited had * 8,00,000, 5% debentures outstanding as on 1st January, 2019, redeemable
on 31st December, 2019. On that day, the sinking fund was 7,49,000 represented by
* 1,00,000 own debentures purchased at the average price of 99 and 6,60,000, 3% stock.
The annual instalment was 28,400. On 31st December, 2019, the investment were
realised @ 98 and the 5% debentures were redeemed. Company had bank balance of
2,400 for payment of these debentures. Write up necessarry accounts
Explanation:
X Limited had * 8,00,000, 5% debentures outstanding as on 1st January, 2019, redeemable
on 31st December, 2019. On that day, the sinking fund was 7,49,000 represented by
* 1,00,000 own debentures purchased at the average price of 99 and 6,60,000, 3% stock.
The annual instalment was 28,400. On 31st December, 2019, the investment were
realised @ 98 and the 5% debentures were redeemed. Company had bank balance of
2,400 for payment of these debentures. Write up necessarry accounts
X Limited had * 8,00,000, 5% debentures outstanding as on 1st January, 2019, redeemable
on 31st December, 2019. On that day, the sinking fund was 7,49,000 represented by
* 1,00,000 own debentures purchased at the average price of 99 and 6,60,000, 3% stock.
The annual instalment was 28,400. On 31st December, 2019, the investment were
realised @ 98 and the 5% debentures were redeemed. Company had bank balance of
2,400 for payment of these debentures. Write up necessarry accounts
X Limited had * 8,00,000, 5% debentures outstanding as on 1st January, 2019, redeemable
on 31st December, 2019. On that day, the sinking fund was 7,49,000 represented by
* 1,00,000 own debentures purchased at the average price of 99 and 6,60,000, 3% stock.
The annual instalment was 28,400. On 31st December, 2019, the investment were
realised @ 98 and the 5% debentures were redeemed. Company had bank balance of
2,400 for payment of these debentures. Write up necessarry accounts
X Limited had * 8,00,000, 5% debentures outstanding as on 1st January, 2019, redeemable
on 31st December, 2019. On that day, the sinking fund was 7,49,000 represented by
* 1,00,000 own debentures purchased at the average price of 99 and 6,60,000, 3% stock.
The annual instalment was 28,400. On 31st December, 2019, the investment were
realised @ 98 and the 5% debentures were redeemed. Company had bank balance of
2,400 for payment of these debentures. Write up necessarry accounts