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On Sept 4,2014 the company issued 12000,7% deb having a face value of ₹100 each at a dist of 2.5%.on September 12, the company issued 25000,8% preference share of ₹100 each. On September 29 the company redeemed 30000,6% preference share of ₹100 each at a premium of 5% together with one month divided thereon. Bank Balance as on 31st August 2014 was 2925000 After effecting the above transaction, the bank bal as on September 30,2014=?
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On Sept 4,2014 the company issued 12000,7% deb having a face value of ...
Calculation of Bank Balance After Transactions

Issuance of 7% Debentures
- Face Value of each debenture = ₹100
- Number of Debentures issued = 12000
- Discount on Issue = 2.5%
- Total Amount of Debentures issued = Face Value x Number of Debentures = ₹100 x 12000 = ₹1200000
- Discount on Issue = Total Amount x Discount Rate = ₹1200000 x 2.5% = ₹30000
- Amount Received on Issuance of Debentures = Total Amount - Discount on Issue = ₹1200000 - ₹30000 = ₹1170000

Issuance of 8% Preference Shares
- Face Value of each preference share = ₹100
- Number of Preference Shares issued = 25000
- Total Amount of Preference Shares issued = Face Value x Number of Preference Shares = ₹100 x 25000 = ₹2500000
- No discount or premium on issuance of preference shares

Redemption of 6% Preference Shares
- Face Value of each preference share = ₹100
- Number of Preference Shares redeemed = 30000
- Premium on Redemption = 5%
- Total Amount Paid for Redemption = (Face Value + Premium) x Number of Preference Shares = (₹100 + 5% of ₹100) x 30000 = ₹105 x 30000 = ₹3150000
- Dividend paid on Preference Shares = ₹100 x 6% x 1/12 x 30000 = ₹15000
- Total Amount of Redemption = Total Amount Paid + Dividend Paid = ₹3150000 + ₹15000 = ₹3165000

Calculation of Bank Balance
- Opening Bank Balance as on 31st August 2014 = ₹2925000
- Amount Received on Issuance of Debentures = ₹1170000
- Amount Received on Issuance of Preference Shares = ₹2500000
- Amount Paid for Redemption of Preference Shares = ₹3165000
- Total Amount of Transactions = Amount Received - Amount Paid = (₹1170000 + ₹2500000) - ₹3165000 = ₹505000
- Bank Balance as on September 30, 2014 = Opening Bank Balance + Total Amount of Transactions = ₹2925000 + ₹505000 = ₹3430000
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On Sept 4,2014 the company issued 12000,7% deb having a face value of ₹100 each at a dist of 2.5%.on September 12, the company issued 25000,8% preference share of ₹100 each. On September 29 the company redeemed 30000,6% preference share of ₹100 each at a premium of 5% together with one month divided thereon. Bank Balance as on 31st August 2014 was 2925000 After effecting the above transaction, the bank bal as on September 30,2014=?
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On Sept 4,2014 the company issued 12000,7% deb having a face value of ₹100 each at a dist of 2.5%.on September 12, the company issued 25000,8% preference share of ₹100 each. On September 29 the company redeemed 30000,6% preference share of ₹100 each at a premium of 5% together with one month divided thereon. Bank Balance as on 31st August 2014 was 2925000 After effecting the above transaction, the bank bal as on September 30,2014=? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about On Sept 4,2014 the company issued 12000,7% deb having a face value of ₹100 each at a dist of 2.5%.on September 12, the company issued 25000,8% preference share of ₹100 each. On September 29 the company redeemed 30000,6% preference share of ₹100 each at a premium of 5% together with one month divided thereon. Bank Balance as on 31st August 2014 was 2925000 After effecting the above transaction, the bank bal as on September 30,2014=? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On Sept 4,2014 the company issued 12000,7% deb having a face value of ₹100 each at a dist of 2.5%.on September 12, the company issued 25000,8% preference share of ₹100 each. On September 29 the company redeemed 30000,6% preference share of ₹100 each at a premium of 5% together with one month divided thereon. Bank Balance as on 31st August 2014 was 2925000 After effecting the above transaction, the bank bal as on September 30,2014=?.
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