Question and Solution of Issue of Debenture (Part - 3) Video Lecture | Accountancy CUET Preparation - Commerce

as for companies at 2013 which of the
following statements is false in respect
of a small company paid up capital is
less than rupees 50 lakhs the public
company can be a small company see
turnover is less than rupees 2 crores
small company is not required to prepare
cash flow statement as part of financial
statements so which statement is false
in respect of a small company small
company can have paid up capital of less
than 50 lakhs public company cannot be a
small company turnover less than 2
crores
small company has to prepare small
company is not required to prepare cash
flow statement as part of the financial
statements so B is false public company
can be a small company that is false
HTC Limited issued ten thousand twelve
percent debentures of 100 each at rupees
94 on 1st January 2010 under the terms
of issue one-fifth of the debentures are
redeemed and willing first redemption on
31 12 2010 calculate the discount to be
written off in 2013 a 8,000 B 16,000 C
20,000 and B 12,000 the amount of
discount involved is rupees six 60,000
under the terms of issue one-fifth of
the debentures are redeemed annually
first January 2010-11 first was on 31 12
2010 then 12 10 11 12
so the fourth year this discount of
60,000 is written off one-fifth of the
debentures are redeemed annually if we
take
we have debentures of ten thousand or
ten lakhs debentures is redeemed
annually so the amount outstanding each
yurt is 10 lakh 8 lakh 6 lakh for lab
and 2 lakh discount of 60,000 has to be
a portion in the ratio of 10 is to 8 is
2 6 is 2 4 is 2 2 or 5 is 2 4 is 2 3 is
to 2 is to 1 therefore the amount of
discount in the 4th year on in 2013 will
be 2 divided by 15 that is 5 plus 4 9 10
11 12 13 14 15 2 by 15 of 60,000 that is
equal to 8,000 correct answer should be
a 8000 which of the following statements
is false
a loss of reissue should not exceed the
amount for feet it be when shares are
reissued at a loss such loss is debited
to 4 feet the chairs account see if loss
on reissue is less than the amount
forfeited the surplus amount should be
transferred to capital reserve if the
reissued amount and 4 heated amount
exceeds the face value of shares
reissued the excess amount is always
credited to shares forfeited account
which of the following statements is
false
loss of reissue should not exceed is a
true statement when shares are reissued
at a loss such loss is debited to chase
that's also true if loss of reissue is
less than the amount for feet at the
surface is taken to capital reserve is
also true so the false statement is if
the reissued amount and the forfeited
amount exceeds the face value of the
shares reissue takes this amount is
always corrected to chase forfeited no
this is not shown what happens if the
reissued amount
the fourth feeted among whatever profit
is made after reissue that is
transferred to capital reserve after we
issue amount is not retained in ashes
forfeited at all so the correct answer
is option D the SUBSCRIBE capital of X
limited is 90 lat divided into shares of
two peas hundred each there were no
calls in area still the final call was
made the final call was paid on 85
thousand shares the calls in areas was
one lakh verified thousand the final
called money per share is a 25 B 20 C 75
be 125 subscribe share capital is 90
lakhs shares of rupees hundred each
hundred each so behalf totally ninety
thousand shares final call is paid an
eighty five thousand shares so there are
five thousand shares in areas the calls
in areas are one lakh twenty five
thousand divided by five thousand we get
rupees 25 per share correct answer
should be a twenty five use the
following information for questions
consider the following data pertaining
to M is limited as on 31st March 2015 he
should subscribe called up twenty
thousand shares of hundred each 20 lakh
calls an area ten thousand profit and
loss account credit sixty seven thousand
profit for the year 1 lakh ninety six
month ten the company wants to create a
redemption debenture redemption Reserve
and to transfer fifty thousand every
year out of profits to relieve the
debentures the company declared a
dividend of ten percent the balance of
surplus after affecting the above
transactions is a six thousand b68 100 C
8610 and D 6810 profit and loss account
there was a balance of sixty seven
thousand profit for the year is 1 lakh
ninety thousand six hundred and
the company wants to create a debenture
redemption reserve and to transfer fifty
thousand every year out of the profits
to redeem the debentures dividend of ten
percent has been declared ten percent
dividend on twenty lat - ten thousand
that there is 19 like ninety thousand
into ten percent he'll give us 1 lakh
ninety nine thousand one lakh ninety
nine thousand so this is also him
balance would therefore be twenty like
nineteen like ninety thousand 1 lakh
99,000 so we had a balance of
sixty-seven thousand plus created a
profit of 1 lakh ninety six one zero
minus fifty thousand being transferred
to the debenture redemption reserve -
one lakh ninety nine thousand dividend P
should be eight six one zero correct
answer should be C eight six one zero on
one four two thousand five five percent
cumulative preference share capital is
rupees two lakh equity share capital is
five like during the year two thousand
four five and five six the dividend
declarations totaled eight thousand and
sixteen thousand respectively what is
the amount of dividend paid we quit he
shareholders for the year 2005 2006 a
four thousand be five thousand see
10,000 and D twelve thousand what is the
preference dividend preference dividend
is five percent of two lakhs
ten thousand equity share capital is
five line during the years 2000
for and 2005 the dividend declarations
total eight thousand and sixteen
thousand what is the amount of dividend
paid to the petit shareholders for the
year 2005 and 2006 since preference
dividend is ten thousand during the
years the dividend declarations totaled
the amount of dividend paid to equity
shareholders for 2005 and 2006 totally
paid was sixteen thousand ten thousand
is preference dividend for two thousand
four in two thousand five eight thousand
dividend only was paid the entire amount
must have been paid to the preference
shareholders so there is an accumulation
in two thousand five and six dividend of
2002 preference shareholders adhere of
dividend for the previous year then
there is another ten thousand for the
current year preference table this is
area of preference dividend ten thousand
currently our dividend preference
dividend ten thousand that is twelve
thousand total dividend paid is sixteen
thousand therefore sixteen thousand
minus twelve thousand four thousand must
be the amount of they wouldn't received
by equity shareholders these are
cumulative preference shares if dividend
is not paid in a particular year it is
accumulated and paid subsequently so
correct answer should be a four thousand
premium on redemption of debentures is -
account a personal be nominal serial and
D none of the above premium on
redemption of debentures has to be paid
to the debenture holders and it is
therefore our personal account a
personal unless otherwise stated
preference shares are always deemed to
be a cumulative participating and
convertible be cumulative
non-participating non-convertible c
non-cumulative
participating non-convertible the
non-cumulative non-participating and
convertible unless otherwise stated
preference shareholders are cumulative
they are non participative and they are
non convertible correct option should be
be when the debentures are issued as
collateral security for a loan then such
debenture holders are entitled to a
interest on the amount of loan be
interest on the amount of the venture
see no interest amount the either
interest of the amount of loan or
interest on the amount of debenture
collateral security is just additional
security and no interest is payable
until there is some default on the loan
so when the benches are issued as
collateral security for a loan debenture
holders are entitled to only the
interest on the amount of Lu correct
answer option fee interest on loan