Newton Ltd. purchased a Machinery from B for ₹ 5,76,000. to be paid by the issue of 9% Debentures of ₹ 100 each at 4% discount . Journalise the trnsactions.
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Prove that `^100 C_2^(100)C_2+^(100)C_2^(100)C_4+^(100)C_4^(100)C_6++^(100)C_(98)^(100)C_(100)=1/2[^(200)C_(98)-^(100)C_(49)]dot`
To find `S = .^(100)C_(0).^(100)C_(2)+.^(100)C_(2).^(100)C_(4)+.^(100)C_(4).^(100)C_(6)+"....."+.^(100)C_(98).^(100)C_(100)` Consider, `.^(100)C_(0).^(100)C_(2)+.^(100)C_(1).^(100)C_(3) + .^(100)C_(2).^(100)C_(4)+.^(100)C_(3)+.^(100)C_(5)+"...." + .^(100)C_(98).^(100)C_(100)` `= .^(100)C_(0).^(100)C_(98)+.^(100)C_(1).^(100)C_(97) + .^(100)C_(2).^(100)C_(96)+.^(100)C_(3).^(100)C_(95) + "....."+^(100)C_(98) .^(100)C_(0)` = Coefficients of `x^(98)` in `(1+x)^(100) (1+x)^(100)` `= .^(200)C_(98) " "(1)` Also,...
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Reliance Ltd. Purchased machinery costing ₹ 1,35,000. It was agreed that the purchase consideration be paid by issuing 9% Debentures of ₹ 100 each
Correct Answer - Number of Debentures Issued -(i) 1,350; (ii) 1,500.
2 Answers 1 views
R Ltd. Purchased the assets of S Ltd. For ₹ 5,00,000. It also agreed to take over the liabilities of S Ltd. Amounted to ₹ 2,00,000 for a purchase
Correct Answer - Capital Reserve - ₹ 20,000
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Green Ltd. Purchased the assets of Strong Ltd. For ₹ 40,00,000 and took over liabilities of ₹ 7,00,000 at an agreed value of ₹ 32,40,000. Paymen
Correct Answer - (i) Dr. Sundry Assets A/c by ₹ 40,00,000, Cr. Sundry Liabilities A/c by ₹ 7,00,000; Strong Ltd .by ₹ 32,40,000 and Capital Reserve A/c by ₹ 60,000;...
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Wellbeing Ltd. Took over assets of ₹ 9,80,000 and liabilities of ₹ 40,000 of HDR Ltd. At an agreed value of ₹ 9,00,000. Wellbeing Ltd. Paid to H
Correct Answer - (i) Dr. Sundry Assets A/c by ₹ 9,80,000, Cr. Sundry Liabilities A/c by ₹ 40,000; HDR Ltd by ₹ 9,00,000 and Capital Reserve A/c by ₹ 40,000....
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On 1st April, 2015, Mathew Ltd. Issued 10,000, 9% Debentures of ₹ 100 each at a discount of 5%, redeemable at a premium of 5%. These debentures were
Correct Answer - (i) year ended 31st March, 2016: Loss on issue of Debentues - ₹ 1,00,000 to be written off from Statement of Profit and Loss in the year...
2 Answers 24 views
Rajan Ltd. purchased assets from Geeta & Co. for Rs. 5,00,000 . A sum of Rs. 1,00,000 was paid by means of a bank draft and for the balance due Rajan
Correct Answer - 32,000 Equity Shares to be issued.
2 Answers 1 views
Z Ltd. purchased furniture costing Rs. 2,20,000 from C.D Ltd. The payment was to be made by issue of 9% Preference Shares of Rs. 100 each at a premium
Correct Answer - 2,000; 9% Preference Shares to be issued.
2 Answers 1 views
Goodluck Ltd. purchased machinery costing Rs. 10,00,000 from Fair Deals Ltd. The company paid the price by issue of Equity Shares of Rs. 10 each at a
Correct Answer - 80,000 Equity Shares to be issued.
2 Answers 1 views
Jain Ltd. purchased machinery costing Rs. 10,00,000 from Ayer Ltd. 50% of the payment was made by cheque and for the remaining 50%, the company issued
Correct Answer - 4,000 Equity Shares to be issued.
2 Answers 1 views