A company bought a new machinery worth Rs.4 lakh by issuing 10% Debentures of value Rs.160 were issued at a premium of 25%. How much amount is credited to the Debenture Account?
Since the debentures are issued at premium, the securities premium account will be credited with the premium amount while the debenture account will be credited with the face value. Total book value = Face value + premium Premium is 25% on face value or it can be said it is 20% on the book value. As such face value is 80% of book value = 80% * 400000 = Rs.320,000.
Which of the following statements are not a part of the financial statements as per Companies Act?
As per Companies Act, a Prospectus is to be issued within _______ from the date of delivery of prospectus to the Registrar.
As per Section 26(9) of Companies Act 2013, what is the amount of fine in case the prospectus is issued in contravention of the section related to matte...
Which of the following Section deals with ‘Company to accept unpaid share capital, although not called up’?
Within how many days of incorporation should the first meeting of Board of Directors to be held according to Companies Act, 2013?
What is the maximum Managerial Remuneration that can be paid in case of Absence or Inadequacy of Profit?
The appointment of Directors is to be approved by company in ____
Which of the following does not form the part of a Negotiable Instrument as per Negotiable Instruments Act, 1881?
As per Companies Act, 2013, the balance in Securities Premium account can be used for the following purposes except _________
