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  • Pass Journal Entry If Debenture Is

    Enviado por

    aliraza
    9 visualizações1 página
    The document contains two accounting questions. Question 4 asks about journal entries for different types of debentures: those issued at par, at a discount repayable at par, and at par repayable at a premium. Question 5 provides details of a machine purchased for Rs. 8,000, with additional Rs. 3,500 spent on overhaul and installation. It asks to prepare the machine account from 2008 to 2011 with 10% annual depreciation and the machine being sold on 30 June 2008 for Rs. 6,500.

    Descrição original:

    87967

    Título original

    1213212

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    © © All Rights Reserved

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    The document contains two accounting questions. Question 4 asks about journal entries for different types of debentures: those issued at par, at a discount repayable at par, and at par repayable at a premium. Question 5 provides details of a machine purchased for Rs. 8,000, with additional Rs. 3,500 spent on overhaul and installation. It asks to prepare the machine account from 2008 to 2011 with 10% annual depreciation and the machine being sold on 30 June 2008 for Rs. 6,500.

    Direitos autorais:

    © All Rights Reserved
    Baixe no formato DOCX, PDF, TXT ou leia online no Scribd
    Sinalizar o conteúdo como inadequado
    9 visualizações1 página

    Pass Journal Entry If Debenture Is

    Enviado por

    aliraza
    The document contains two accounting questions. Question 4 asks about journal entries for different types of debentures: those issued at par, at a discount repayable at par, and at par repayable at a premium. Question 5 provides details of a machine purchased for Rs. 8,000, with additional Rs. 3,500 spent on overhaul and installation. It asks to prepare the machine account from 2008 to 2011 with 10% annual depreciation and the machine being sold on 30 June 2008 for Rs. 6,500.

    Direitos autorais:

    © All Rights Reserved
    Baixe no formato DOCX, PDF, TXT ou leia online no Scribd
    Sinalizar o conteúdo como inadequado
    de 1

    Question # 4

    10

    Pass Journal entry if debenture is


    1.
    2.
    3.

    Issued at Rs. 100 and repayable at Rs. 100


    Issued at Rs. 90 and repayable at Rs. 110
    Issued at Rs. 100 and repayable at Rs, 110.

    Question # 5

    10

    A company purchased a machine ( second hand ) for Rs. 8,000 on 1st April 2008. They spent Rs.
    3,500 on its overhauling and installation. Depreciation is written off at 10% per annum on the
    original cost. On 30th June 2008, the machine was sound unsuitable and sold for Rs. 6,500.
    Prepare machine account from 2008 to 2011, assuming accounts are closed on 31st December
    every year.

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