Dipesh Ltd redeemed its 8,000, 11 % Debentures of Rs. 100 each in the following manner;
i) 4,000 debentures were purchased @ Rs. 95.
ii) 3,000 debentures were purchased @ Rs. 93
iii) 1,000 debentures were purchased @ Rs. 97.50.
The expenses on purchase of own debentures amounted to Rs. 200.
The debentures were purchased for immediate cancellation. Pass journal entries.

Animesh Ltd issued 1,000, 12 % Debenture of 100 each in the following manner:
i) For cash at par Rs. 50,000 nominal
ii) For creditors of Rs. 45,000 against purchase of machinery Rs. 35,000 nominal
iii) To SBI bank against a loan of Rs. 10,000 as collateral security Rs. 15,000 nominal

On January 1st, 2006 S ltd issued 1,000 10% debentures of Rs.500 each at par redeemable after 7 years. However the company gave an option to debenture holder to get debentures However the company gave an option to debenture holder to get debentures converted into equity shares of Rs. 100 each at a premium of Rs. 25 per share any time after the expiry of one 
Arvind the holder of 200 debentures informed on Jan, 2006 that he wanted to excise the option of conversion of debentures into equity shares.
Pass necessary Journal entries to record the issue of debentures on Jan, 2004 and conversion of debentures on Jan, 2006.

Journalise the following transactions in the books of Raja Ltd.,
1. 200 12% debentures of Rs.100 each issued it a discount of 10% were converted into 10% preference shares of Rs.100 each issued at a premium of 25%. The debentures were converted at  the option of the debentures-holders before the date of redemption.
2. Issued 1000 12% debentures of Rs.100 each at a discount of 10% redeemable at a premium of 5%.

Raghav Limited purchased a running business from Krishna traders for a sum of Rs. 15,00,000 Payable Rs. 3,00,000 by cheque and for the balance issued 9% debentures of Rs. 100 each at par.
The asset and liabilities consisted of the following:

ABC Ltd issued 5,000, 10% debentures of  Rs.100 each on 1st April, 2013 at a discount of 10%redeemable at a premium of 10% after 4 years. Give journal entries for the yea! ended 31st March, 2015 assuming that the interest was payable half yearly on 30th September and 31st March. Tax is to be deducted @ 10%.

ABC Ltd issued Rs.1,00,000, 6%debentures of  Rs.10 each at a premium of  Rs.2 per debenture on 1st April, 2014. The issue was fully subscribed and interest will be paid at the end of each financial year. Pass necessary journal entries for the year 2014-15.

ABC Ltd purchased assets of the book value of Rs.8,00,000 and took over the liabilities of Rs.1,00,000 from XYZ Ltd. It was agreed that the purchase consideration, settled at Rs.7,60,000, be paid by issuing debentures of  Rs.100 each.
What journal entries will be made in the following three cases if debentures are issued: (i) at par, (ii) at a discount of 10%and (iii) at a premium of 10%? It was agreed that any fraction of debentures be paid in cash.

DLF Ltd acquired assets of Rs.50,00,000 and took over creditors of Rs.5,00,000 from Vishal Enterprises. DLF Ltd issued 8% debentures of  Rs.100 each at a premium of 25% as purchase consideration. Record necessary journal entries in the books of DLF Ltd.

XYZ Ltd took over assets of Rs.5,00,000 and liabilities of Rs.60,000 of POR Company for the purchase consideration of Rs.6,60,000. The XYZ Company Ltd paid the purchase consideration by issuing debentures of  Rs.100 each at 10% premium.
Give journal entries in the books of the XYZ Company Ltd.