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National company Ltd issued 4000, 12% mortage debenture of Rs 100 each secured on the fixed assets of the company of these 3000 debentures were issued to the public at a premium of 2% while the remaining 1000 debentures were issued to the company's bankers by way of collaterals security against a loan of Rs 75000 . Show how these transactions will be recorded in the company's books and how they will appear in the balance sheet .translate in hindi?
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National company Ltd issued 4000, 12% mortage debenture of Rs 100 each...
Transaction Recording in Company's Books:


- National Company Ltd issued 4000, 12% mortgage debentures of Rs 100 each secured on the fixed assets of the company.
- Out of these, 3000 debentures were issued to the public at a premium of 2%.
- The remaining 1000 debentures were issued to the company's bankers as collateral security against a loan of Rs 75000.

Accounting Entries:


1. When debentures were issued to the public:
- Bank Account (3000 debentures * Rs 100) Dr
- Debenture Application A/c (3000 debentures * Rs 100) Cr
- Securities Premium Reserve A/c (3000 debentures * Rs 2) Cr

2. When debentures were issued to the bankers:
- Bank Account (1000 debentures * Rs 100) Dr
- Debenture Application A/c (1000 debentures * Rs 100) Cr
- Loan A/c (Rs 75000) Cr

Balance Sheet Presentation:


- Assets side: Fixed Assets will decrease by the value of debentures issued (4000 debentures * Rs 100).
- Liabilities side:
- Debentures will be shown under long-term liabilities.
- Securities Premium Reserve will increase by the premium amount.
- Loan from Bankers will be shown as a liability.

By following these steps, the company's books will accurately reflect the issuance of debentures to the public and bankers, and the balance sheet will provide a clear picture of the company's financial position.
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National company Ltd issued 4000, 12% mortage debenture of Rs 100 each secured on the fixed assets of the company of these 3000 debentures were issued to the public at a premium of 2% while the remaining 1000 debentures were issued to the company's bankers by way of collaterals security against a loan of Rs 75000 . Show how these transactions will be recorded in the company's books and how they will appear in the balance sheet .translate in hindi?
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National company Ltd issued 4000, 12% mortage debenture of Rs 100 each secured on the fixed assets of the company of these 3000 debentures were issued to the public at a premium of 2% while the remaining 1000 debentures were issued to the company's bankers by way of collaterals security against a loan of Rs 75000 . Show how these transactions will be recorded in the company's books and how they will appear in the balance sheet .translate in hindi? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about National company Ltd issued 4000, 12% mortage debenture of Rs 100 each secured on the fixed assets of the company of these 3000 debentures were issued to the public at a premium of 2% while the remaining 1000 debentures were issued to the company's bankers by way of collaterals security against a loan of Rs 75000 . Show how these transactions will be recorded in the company's books and how they will appear in the balance sheet .translate in hindi? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for National company Ltd issued 4000, 12% mortage debenture of Rs 100 each secured on the fixed assets of the company of these 3000 debentures were issued to the public at a premium of 2% while the remaining 1000 debentures were issued to the company's bankers by way of collaterals security against a loan of Rs 75000 . Show how these transactions will be recorded in the company's books and how they will appear in the balance sheet .translate in hindi?.
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