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Following transactions are the related to Humza Company face value of debenture is Rs.100 each:- 1). 5% 1000 Debentures are issued at Rs.100 and redeemable after 2 years at par. 2). 6% 2000 Debentures are issued at Rs.102 and repayable after 3 years at Rs.100. 3). 2% Debentures are issued at Rs.96 and agreed to payback after 4 years at Rs.100. 4). 6% Debentures are issued at Rs. 100 and redeemable after 6 years at Rs.105. 5). 5% Debentures are issued at Rs.95 and payable after 5 years at Rs.102 each. Required: Give entries in General Journal of above transactions.?
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Following transactions are the related to Humza Company face value of ...
Journal Entries for Humza Company Debentures
Below are the general journal entries for the transactions related to the issuance of debentures by Humza Company:
1. Issuance of 5% Debentures
- Date: [Transaction Date]
- Dr. Bank Account Rs. 1,00,000 (1000 Debentures x Rs. 100)
- Cr. 5% Debentures Account Rs. 1,00,000
2. Issuance of 6% Debentures at Premium
- Date: [Transaction Date]
- Dr. Bank Account Rs. 2,04,000 (2000 Debentures x Rs. 102)
- Cr. 6% Debentures Account Rs. 2,00,000
- Cr. Securities Premium Account Rs. 4,000
3. Issuance of 2% Debentures at Discount
- Date: [Transaction Date]
- Dr. Bank Account Rs. 96,000 (1000 Debentures x Rs. 96)
- Dr. Discount on Debentures Account Rs. 4,000 (1000 Debentures x (Rs. 100 - Rs. 96))
- Cr. 2% Debentures Account Rs. 1,00,000
4. Issuance of 6% Debentures at Par
- Date: [Transaction Date]
- Dr. Bank Account Rs. 1,00,000 (1000 Debentures x Rs. 100)
- Cr. 6% Debentures Account Rs. 1,00,000
5. Issuance of 5% Debentures at Discount
- Date: [Transaction Date]
- Dr. Bank Account Rs. 95,000 (1000 Debentures x Rs. 95)
- Dr. Discount on Debentures Account Rs. 5,000 (1000 Debentures x (Rs. 100 - Rs. 95))
- Cr. 5% Debentures Account Rs. 1,00,000
Summary of Transactions
- The above entries record the issuance of debentures under various terms, noting whether they are issued at par, at a premium, or at a discount.
- Premiums and discounts are recorded in separate accounts to reflect the actual cost to the company.
- These journal entries are essential for accurate financial reporting and compliance in accordance with accounting standards.
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Following transactions are the related to Humza Company face value of debenture is Rs.100 each:- 1). 5% 1000 Debentures are issued at Rs.100 and redeemable after 2 years at par. 2). 6% 2000 Debentures are issued at Rs.102 and repayable after 3 years at Rs.100. 3). 2% Debentures are issued at Rs.96 and agreed to payback after 4 years at Rs.100. 4). 6% Debentures are issued at Rs. 100 and redeemable after 6 years at Rs.105. 5). 5% Debentures are issued at Rs.95 and payable after 5 years at Rs.102 each. Required: Give entries in General Journal of above transactions.?
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Following transactions are the related to Humza Company face value of debenture is Rs.100 each:- 1). 5% 1000 Debentures are issued at Rs.100 and redeemable after 2 years at par. 2). 6% 2000 Debentures are issued at Rs.102 and repayable after 3 years at Rs.100. 3). 2% Debentures are issued at Rs.96 and agreed to payback after 4 years at Rs.100. 4). 6% Debentures are issued at Rs. 100 and redeemable after 6 years at Rs.105. 5). 5% Debentures are issued at Rs.95 and payable after 5 years at Rs.102 each. Required: Give entries in General Journal of above transactions.? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Following transactions are the related to Humza Company face value of debenture is Rs.100 each:- 1). 5% 1000 Debentures are issued at Rs.100 and redeemable after 2 years at par. 2). 6% 2000 Debentures are issued at Rs.102 and repayable after 3 years at Rs.100. 3). 2% Debentures are issued at Rs.96 and agreed to payback after 4 years at Rs.100. 4). 6% Debentures are issued at Rs. 100 and redeemable after 6 years at Rs.105. 5). 5% Debentures are issued at Rs.95 and payable after 5 years at Rs.102 each. Required: Give entries in General Journal of above transactions.? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Following transactions are the related to Humza Company face value of debenture is Rs.100 each:- 1). 5% 1000 Debentures are issued at Rs.100 and redeemable after 2 years at par. 2). 6% 2000 Debentures are issued at Rs.102 and repayable after 3 years at Rs.100. 3). 2% Debentures are issued at Rs.96 and agreed to payback after 4 years at Rs.100. 4). 6% Debentures are issued at Rs. 100 and redeemable after 6 years at Rs.105. 5). 5% Debentures are issued at Rs.95 and payable after 5 years at Rs.102 each. Required: Give entries in General Journal of above transactions.?.
Solutions for Following transactions are the related to Humza Company face value of debenture is Rs.100 each:- 1). 5% 1000 Debentures are issued at Rs.100 and redeemable after 2 years at par. 2). 6% 2000 Debentures are issued at Rs.102 and repayable after 3 years at Rs.100. 3). 2% Debentures are issued at Rs.96 and agreed to payback after 4 years at Rs.100. 4). 6% Debentures are issued at Rs. 100 and redeemable after 6 years at Rs.105. 5). 5% Debentures are issued at Rs.95 and payable after 5 years at Rs.102 each. Required: Give entries in General Journal of above transactions.? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of Following transactions are the related to Humza Company face value of debenture is Rs.100 each:- 1). 5% 1000 Debentures are issued at Rs.100 and redeemable after 2 years at par. 2). 6% 2000 Debentures are issued at Rs.102 and repayable after 3 years at Rs.100. 3). 2% Debentures are issued at Rs.96 and agreed to payback after 4 years at Rs.100. 4). 6% Debentures are issued at Rs. 100 and redeemable after 6 years at Rs.105. 5). 5% Debentures are issued at Rs.95 and payable after 5 years at Rs.102 each. Required: Give entries in General Journal of above transactions.? defined & explained in the simplest way possible. Besides giving the explanation of Following transactions are the related to Humza Company face value of debenture is Rs.100 each:- 1). 5% 1000 Debentures are issued at Rs.100 and redeemable after 2 years at par. 2). 6% 2000 Debentures are issued at Rs.102 and repayable after 3 years at Rs.100. 3). 2% Debentures are issued at Rs.96 and agreed to payback after 4 years at Rs.100. 4). 6% Debentures are issued at Rs. 100 and redeemable after 6 years at Rs.105. 5). 5% Debentures are issued at Rs.95 and payable after 5 years at Rs.102 each. Required: Give entries in General Journal of above transactions.?, a detailed solution for Following transactions are the related to Humza Company face value of debenture is Rs.100 each:- 1). 5% 1000 Debentures are issued at Rs.100 and redeemable after 2 years at par. 2). 6% 2000 Debentures are issued at Rs.102 and repayable after 3 years at Rs.100. 3). 2% Debentures are issued at Rs.96 and agreed to payback after 4 years at Rs.100. 4). 6% Debentures are issued at Rs. 100 and redeemable after 6 years at Rs.105. 5). 5% Debentures are issued at Rs.95 and payable after 5 years at Rs.102 each. Required: Give entries in General Journal of above transactions.? has been provided alongside types of Following transactions are the related to Humza Company face value of debenture is Rs.100 each:- 1). 5% 1000 Debentures are issued at Rs.100 and redeemable after 2 years at par. 2). 6% 2000 Debentures are issued at Rs.102 and repayable after 3 years at Rs.100. 3). 2% Debentures are issued at Rs.96 and agreed to payback after 4 years at Rs.100. 4). 6% Debentures are issued at Rs. 100 and redeemable after 6 years at Rs.105. 5). 5% Debentures are issued at Rs.95 and payable after 5 years at Rs.102 each. Required: Give entries in General Journal of above transactions.? theory, EduRev gives you an ample number of questions to practice Following transactions are the related to Humza Company face value of debenture is Rs.100 each:- 1). 5% 1000 Debentures are issued at Rs.100 and redeemable after 2 years at par. 2). 6% 2000 Debentures are issued at Rs.102 and repayable after 3 years at Rs.100. 3). 2% Debentures are issued at Rs.96 and agreed to payback after 4 years at Rs.100. 4). 6% Debentures are issued at Rs. 100 and redeemable after 6 years at Rs.105. 5). 5% Debentures are issued at Rs.95 and payable after 5 years at Rs.102 each. Required: Give entries in General Journal of above transactions.? tests, examples and also practice UPSC tests.
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