A Ltd. purchased the business of B Ltd. for Rs.90,000. Payment was made by issue of 12% debentures of Rs.10 each. What journal entries will be made when
(i) debentures are issued at 20% premium?
(ii) debentures are issued at 10% discount?

Y Ltd. Purchased machinery Rs.55,000 from Z Ltd. 10% was paid by Y Ltd. by accepting a bill of exchange in favour of Z Ltd. and the balance was paid by issue of 9% debentures of Rs.100 each at par, redeemable after five years. Pass necessary journal entries in the books of Y Ltd.

Deepak Ltd. Purchased furniture Rs.2,20,000 from M/s Furniture Mart. 50% of the amount was paid to Furniture Mart by accepting a bill of exchange and for the balance the company issued 9% debentures of Rs.100 each at a premium of 10% in favour of Furniture Mart.
Pass necessary journal entries in the books of Deepak Ltd. for the above transactions.

Give journal entries in each of the following cases if the face value of a debenture is Rs.100.
(i) A debenture issued at Rs.110 repayable at Rs.100
(ii)  A debenture issued at Rs.100 repayable at Rs.105
(iii)  A debenture issued at Rs.105 repayable at Rs.105

Alfa  Ltd. issued 10,000,9% debentures of Rs.100 each. Pass the necessary journal entries for issuing of debentures in the following cases:(i) When debentures are issued at par and redeemable at par.
(ii) When the debentures are issued at par and redeemable at premium of 10%.
(iii) When debentures are issued at a premium of 25% to the vendors for the purchase of machinery worth Rs.12,50,000.
(iv) When debentures are issued at a premium of Rs.250 each and are redeemed at par.

On 01.11.2011, a Public Limited Company issued 5,000, 10% Debentures of Rs.100 each at par which were repyable at a premium of 10% on 31.03.2015. On the date of maturity, company decided to redeem the above mentioned 10% Debentures as per the terms of issue, out of profits. The Profit and Loss Statement shows a surplus of Rs.4,00,000 on this date. The offer was accepted by all the Debentureholders and all the Debentures were redeemed. Pass the necessary journal entries in the books of the Company only for the redemption of Debentures, if the Company follows Section 71 of the Companies Act, 2013.

Pass necessary journal entries for the following transactions :
(i) The company had a balance of Rs. 6,00,000, 8% Debentures. Out of these, 25% debentures were redeemed by draw of lots at a premium of 25%.
(ii) Paid half yearly interest on Rs. 1,80,000, 12% Debentures.

Under which major sub-headings the following items will be placed in the Balance Sheet of a company as per Schedule III Part I of the Companies Act 2013:
(i)Bonds
(ii)Capital Redemption Reserve
(iii)Short-term Provisions
(iv)Balance of the statement of profit and Loss
(v)Provision for Warranties
(vi)Brand/Trade Marks

Under which major sub-headings the following items will be placed in the Balance Sheet of a company as per Schedule III Part I of the Companies Act 2013:
(i)Long term Borrowings
(ii)Trade Payables
(iii)Provision or Tax
(iv)Securities Premium Reserve
(v)Patents
(vi)Accrued Incomes

Kotak Finance Ltd, a finance company, has invested its surplus funds in 15% deposit with Reliance Housing Ltd. Is the interest received on the deposit revenue from operations or other revenue?

Gateway Ltd sold its car at a profit of Rs 15,000. How will it be shown in the statement of profit and loss?

On 1st January, 2015, ABC Ltd issued 10,000, 10% debentures of Rs 100 each at par. These debentures were redeemed at 5% premium at the end of fifth year out of profit. Give necessary journal entries for recording the above transactions.

On 1st April. 2015 Virat Ltd issued 4,000,9% debentures of Rs 100 each at a premium of 5%. These debentures were redeemable at par after three years by conversion into equity shares of Rs 100 each to be issued at a premium of Rs 25 per share. Record the necessary journal entries in the books of the company for the issue and redemption of debentures.

OLF Ltd has credit balance of Rs 2,52,000 in surplus, i.e. balance in statement of profit and loss. Instead of declaring dividend, it is resolved to utilise the profits to repay its Rs 2,40,000 debentures now redeemable at a premium of 5%. 
Pass necessary journal entries in the books of the company.

Prepare the balance sheet for Rishant Ltd as at 31st March 2012 from the following information as per provisions of Schedule III Part I of the Companies Act, 2013. Identify the values involved in the presentation of balance sheet.

Akshat Ltd issued 5,000, 9% debentures on Rs.100 each at par for cash and also raised a loan of Rs.80,000 from America Bank, for which the company placed with the bank Rs.1,00,000, 9% debentures as collateral security. As per the terms, the bank is obliged and bound to immediately release the debentures, as soon as the loan is repaid. How will y u show the debentures in the balance sheet of the company assuming that the company has recorded the issue of debentures as collateral in the books? Identify the value which according to you motivated the bank, to insist the company for issuing debentures as collateral security against the loan.

Compute cost of materials consumed from the given information.

From the following information, prepare the relevant notes to accounts.

Depreciate buildings @ 5%, plant and equipment @ 20%, furniture and fixtures @ 10%, brands @ 10% and computer software @ 60%.