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X limited issued nominal value Rs 10,000 , 6 % debenture as follows - A)- to sundry person for cash at 90% 5000 nominal values. B)- to a creditor for rs 2000 of fixed assets taken over from him in satisfaction of his claim 2500 nominal value C)- to the banker as collateral security for a loan of rs 1000 2500 nominal value?
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X limited issued nominal value Rs 10,000 , 6 % debenture as follows - ...
Issuance of 6% Debentures by X Limited

Introduction:
Debentures are long-term debt instruments issued by companies to raise funds. X Limited has issued 6% debentures with a nominal value of Rs 10,000.

Issuance of Debentures:
X Limited has issued debentures as follows:

A) Issued to sundry persons for cash at 90% of nominal value:
- Nominal value of debentures issued: 5,000
- Cash received: 90% of nominal value, i.e., Rs 4,500

B) Issued to a creditor for Rs 2,000 of fixed assets taken over from him in satisfaction of his claim of Rs 2,500 nominal value:
- Nominal value of debentures issued: 2,500
- Fixed assets taken over: Rs 2,000
- Remaining amount waived off by creditor: Rs 500

C) Issued to the banker as collateral security for a loan of Rs 1,000 nominal value:
- Nominal value of debentures issued: 2,500
- Loan amount: Rs 1,000

Analysis:
The issuance of debentures has helped X Limited in raising funds. The company has received cash of Rs 4,500 and has also acquired fixed assets worth Rs 2,000. Additionally, the banker has provided a loan of Rs 1,000 against the collateral security of debentures.

Conclusion:
Issuing debentures is a common practice among companies to raise long-term capital. X Limited has successfully raised funds through the issuance of debentures to sundry persons, a creditor, and a banker.
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X limited issued nominal value Rs 10,000 , 6 % debenture as follows - A)- to sundry person for cash at 90% 5000 nominal values. B)- to a creditor for rs 2000 of fixed assets taken over from him in satisfaction of his claim 2500 nominal value C)- to the banker as collateral security for a loan of rs 1000 2500 nominal value?
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X limited issued nominal value Rs 10,000 , 6 % debenture as follows - A)- to sundry person for cash at 90% 5000 nominal values. B)- to a creditor for rs 2000 of fixed assets taken over from him in satisfaction of his claim 2500 nominal value C)- to the banker as collateral security for a loan of rs 1000 2500 nominal value? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about X limited issued nominal value Rs 10,000 , 6 % debenture as follows - A)- to sundry person for cash at 90% 5000 nominal values. B)- to a creditor for rs 2000 of fixed assets taken over from him in satisfaction of his claim 2500 nominal value C)- to the banker as collateral security for a loan of rs 1000 2500 nominal value? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X limited issued nominal value Rs 10,000 , 6 % debenture as follows - A)- to sundry person for cash at 90% 5000 nominal values. B)- to a creditor for rs 2000 of fixed assets taken over from him in satisfaction of his claim 2500 nominal value C)- to the banker as collateral security for a loan of rs 1000 2500 nominal value?.
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