%%EOF Image Guidelines 5. 4����0���\z~ѽuyh��y�������ϫq=)�ՠj����b: M�ơ=U��%M?M?4-�s�������8T�pN�0_��l� +% �y3 (ii) A Call of Rs. Non-convertible Debentures (NCDs) Non-convertible debentures are simply regular debentures, cannot be converted into equity shares of the liable company. Let us study this in detail 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. The directors Besides, the Balance of Revenue Account is transferred to Net Revenue Account and Balance of Net Revenue Account is transferred to General Balance Sheet. On the other hand, the right hand side (or credit side) reveals the receipts on capital account including amount received from public for shares and debentures including the amount of fixed loans, if any. Share allotment account is a -----. Proposed Dividend 20% of closing balance of shares capital. 40,000; Furniture 15% p.a. Privacy Policy 8. Financial Statements of a Company 151 amount paid for them. The conversion will be at a ratio of 20:1 after three years. N.B. Meaning of Issue of Debentures 2. 10%, Meters and Electrical Instruments 15%, Advertising has been prepaid by Rs. These debentures are redeemable by annual drawings of Rs,1,00,000 made on December 31 each year. Plagiarism Prevention 4. (b) Debentures can be forfeited for non payment of call money (c) In company’s balance sheet, debentures are shown under secured loans (d) Interest on debentures is charged against profits 3. Copyright 10. While, preparing statement of profit and loss the revenue is included in the sales of the year in which the sale was undertaken even though the sale price may be received Debentures can be secured against the assets of the company or may be unsecured. 3. During the year new shares issued Rs. Issue 7 : Unreliable Investments Ltd. is holding following securities as current investments at the balance sheet date. �.�� ɀ�� T�3a�$�EŸ��4K��hL�,��3�30�09p*1V���q��B#?��oAJ�x��0�a`M`e�O`�̰���D���Lb�� �v �� ` ���� The term debenture is used interchangeably with terms bond, note, or loan stock. 50,000; Loose Plant 20% p.a. 5 per share was payable on 30th June 2009. Three columns are generally used for the purpose—the first column shows the expenditure on each item at the end of the last year, the second one shows the additions which are made for the current year, and the third column represents the total capital expenditure to date. Debentures are shown in the balance sheet of the company under the item Secured loans. All items of expenditure appear on the debit side whereas all items of income appear on the credit side of Revenue Account. Content Filtrations 6. . 6X Read this article to learn about the preparation of final accounts under Electricity Supply Act, 1910, i.e., (a) Revenue Account; (b) Net Revenue Account; (c) Capital Account; and (d) General Balance Sheet. (ii) Issue of Debentures at Discount : When debentures are issued by company at a price less than its nominal value (face value) it is said to be issued at discount. k(�����*k���ү�+� Beta Ltd issued 5,000, 9% debentures of Rs.500 each. 5. h�bbd``b`��@�� H���V��$�����w !vH�� ��@Ōa �����? �ү�+� Prohibited Content 3. Accountancy MCQs for Class 12 Chapter Wise with Answers PDF Download was Prepared Based on Latest Exam Pattern. �ү�+� Before redemption starts, there must be a balance of at least 50 T Ltd. has issued 14% Debentures of Rs. 10,00,000 repayable after 5 years; (c) Interest on debentures is yet to be paid. Equity Shares No. of Shares Cost Market Value A Ltd. 5,000 2,50,000 3,00,000 X Ltd. 1,000 80,000 1,00,000 Z PDF Download was Prepared Based on Latest Exam Pattern. ��>SI��*̪+� ���R�YE5q�Q�y9�%-s�*ʊ�^tsH�-��_������09/��榷�w}���ڰ(�=��+D���%�]��@u�&��Vӊ��7��K�N�CS?��п�-�-���:�ݺ궷��-��H�W�����n�(��G��6�BK��Z�A#1-'f|�&_:~��������[�a�☳��kB7�o��� �"!���,ƃjV!iԅő�\�Rl��b�� ����H}��lr�ꛔ��0�-���H����e����$�aZ�w���$���P�=L���L��I7oOM*�Ka�Ld�L),x`�6�"S�FK���0"�*�Z�T"��0Y*�r�Ia2�*�_������U^��X��ڀ��7c�H�VCƔ���4k5�“��l}l3�2ź� �aW��:T� �W.FA�[�u��è�>ٟ2�Pkq�^�:X#����9�L?�9:jp:E$02�>䃊B����"6�z�����R�7�:{ �}��bͱ'c̼��>q�'��8}+���={o��'݀�5�� �����@& ���2�Md�����d&V����\g�m���L{�����tי�83ͯ�i��c%�9N��69o���F�8����-c�2��2�3���g��2���)U��' Preliminary expenses spent on the formation of an undertaking, and Premium received on issue of shares and Debentures are treated as capital expenditure and, hence, will appear in the debit side and credit side, respectively, of capital account. 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