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X company limited offered 4000 debentures of 100rs each of public for subscriptions. Applications for the purchase of 5000 debentures were received. The debentures were allotted proportionately to the applicants and excess application money was retained for adjustments towards allotment money. The debenture money was payable as follows:?
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X company limited offered 4000 debentures of 100rs each of public for ...
Payment Schedule for X Company Limited Debentures
Offering Details
- X Company Limited offered 4000 debentures of 100rs each to the public for subscriptions.
- Applications for the purchase of 5000 debentures were received.
- The debentures were allotted proportionately to the applicants.
- Excess application money was retained for adjustments towards allotment money.
Payment Schedule
- 25% of the debenture money was payable on application.
- 25% of the debenture money was payable on allotment.
- The remaining 50% of the debenture money was payable in two installments of 25% each, one at the end of six months, and the other at the end of twelve months from the date of allotment.
Explanation
When an investor applies for debentures, they are required to pay 25% of the debenture money at the time of application. In this case, since the company received applications for more debentures than they offered, the allotment was done proportionately. This means that if an investor applied for 100 debentures, and the company allotted 80 debentures to them, they would only have to pay 25% of the debenture money for the 80 debentures.
The second installment of 25% of the debenture money is payable at the time of allotment. This means that if an investor applied for 100 debentures and the company allotted 80 debentures to them, they would have to pay the remaining 25% of the debenture money for the 80 debentures at the time of allotment.
The remaining 50% of the debenture money is payable in two installments of 25% each, one at the end of six months, and the other at the end of twelve months from the date of allotment. This means that if an investor applied for 100 debentures and the company allotted 80 debentures to them, they would have to pay 25% of the debenture money for the 80 debentures at the end of six months from the date of allotment, and another 25% at the end of twelve months from the date of allotment.
Overall, this payment schedule allows investors to pay for the debentures in installments, making it easier for them to manage their finances while investing in the company.
Community Answer
X company limited offered 4000 debentures of 100rs each of public for ...
Debenture application account-:400000
debenture allotment account-:100000
debenture allotment account-:100000
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X company limited offered 4000 debentures of 100rs each of public for subscriptions. Applications for the purchase of 5000 debentures were received. The debentures were allotted proportionately to the applicants and excess application money was retained for adjustments towards allotment money. The debenture money was payable as follows:?
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X company limited offered 4000 debentures of 100rs each of public for subscriptions. Applications for the purchase of 5000 debentures were received. The debentures were allotted proportionately to the applicants and excess application money was retained for adjustments towards allotment money. The debenture money was payable as follows:? 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 company limited offered 4000 debentures of 100rs each of public for subscriptions. Applications for the purchase of 5000 debentures were received. The debentures were allotted proportionately to the applicants and excess application money was retained for adjustments towards allotment money. The debenture money was payable as follows:? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X company limited offered 4000 debentures of 100rs each of public for subscriptions. Applications for the purchase of 5000 debentures were received. The debentures were allotted proportionately to the applicants and excess application money was retained for adjustments towards allotment money. The debenture money was payable as follows:?.
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Solutions for X company limited offered 4000 debentures of 100rs each of public for subscriptions. Applications for the purchase of 5000 debentures were received. The debentures were allotted proportionately to the applicants and excess application money was retained for adjustments towards allotment money. The debenture money was payable as follows:? in English & in Hindi are available as part of our courses for B Com.
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