On 1 st April 2020 Sheru Ltd. issued 1,00,000 12% debentures of Rs. 100 each at a discount of 5%, redeemable on 31st March 2025. Issue was oversubscribed by 20,000 debentures, who were refunded their money. Interest is paid annually on 31st March. You are required to prepare : (i) Journal Entries at the time of issue of debentures. (ii) Discount on issue of Debenture Account (iii) Interest account and Debenture holder Account assuming TDS is deducted @ 10%.?

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This discussion on On 1 st April 2020 Sheru Ltd. issued 1,00,000 12% debentures of Rs. 100 each at a discount of 5%, redeemable on 31st March 2025. Issue was oversubscribed by 20,000 debentures, who were refunded their money. Interest is paid annually on 31st March. You are required to prepare : (i) Journal Entries at the time of issue of debentures. (ii) Discount on issue of Debenture Account (iii) Interest account and Debenture holder Account assuming TDS is deducted @ 10%.? is done on EduRev Study Group by CA Foundation Students. The Questions and Answers of On 1 st April 2020 Sheru Ltd. issued 1,00,000 12% debentures of Rs. 100 each at a discount of 5%, redeemable on 31st March 2025. Issue was oversubscribed by 20,000 debentures, who were refunded their money. Interest is paid annually on 31st March. You are required to prepare : (i) Journal Entries at the time of issue of debentures. (ii) Discount on issue of Debenture Account (iii) Interest account and Debenture holder Account assuming TDS is deducted @ 10%.? are solved by group of students and teacher of CA Foundation, which is also the largest student community of CA Foundation. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for CA Foundation on EduRev and even discuss your questions like On 1 st April 2020 Sheru Ltd. issued 1,00,000 12% debentures of Rs. 100 each at a discount of 5%, redeemable on 31st March 2025. Issue was oversubscribed by 20,000 debentures, who were refunded their money. Interest is paid annually on 31st March. You are required to prepare : (i) Journal Entries at the time of issue of debentures. (ii) Discount on issue of Debenture Account (iii) Interest account and Debenture holder Account assuming TDS is deducted @ 10%.? over here on EduRev! Apart from being the largest CA Foundation community, EduRev has the largest solved Question bank for CA Foundation.
This discussion on On 1 st April 2020 Sheru Ltd. issued 1,00,000 12% debentures of Rs. 100 each at a discount of 5%, redeemable on 31st March 2025. Issue was oversubscribed by 20,000 debentures, who were refunded their money. Interest is paid annually on 31st March. You are required to prepare : (i) Journal Entries at the time of issue of debentures. (ii) Discount on issue of Debenture Account (iii) Interest account and Debenture holder Account assuming TDS is deducted @ 10%.? is done on EduRev Study Group by CA Foundation Students. The Questions and Answers of On 1 st April 2020 Sheru Ltd. issued 1,00,000 12% debentures of Rs. 100 each at a discount of 5%, redeemable on 31st March 2025. Issue was oversubscribed by 20,000 debentures, who were refunded their money. Interest is paid annually on 31st March. You are required to prepare : (i) Journal Entries at the time of issue of debentures. (ii) Discount on issue of Debenture Account (iii) Interest account and Debenture holder Account assuming TDS is deducted @ 10%.? are solved by group of students and teacher of CA Foundation, which is also the largest student community of CA Foundation. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for CA Foundation on EduRev and even discuss your questions like On 1 st April 2020 Sheru Ltd. issued 1,00,000 12% debentures of Rs. 100 each at a discount of 5%, redeemable on 31st March 2025. Issue was oversubscribed by 20,000 debentures, who were refunded their money. Interest is paid annually on 31st March. You are required to prepare : (i) Journal Entries at the time of issue of debentures. (ii) Discount on issue of Debenture Account (iii) Interest account and Debenture holder Account assuming TDS is deducted @ 10%.? over here on EduRev! Apart from being the largest CA Foundation community, EduRev has the largest solved Question bank for CA Foundation.