List of top Accountancy Questions on Accounting for Share and Debenture Capital asked in CBSE CLASS XII

Pass Journal entries relating to the issue of debentures in the books of Novex Ltd. in each of the following cases:
  1. Issued 30,000, 10% Debentures of Rs.100 each at a premium of 10%, redeemable at par.
  2. Issued 4,000, 10% Debentures of Rs.100 each at a premium of 15%, redeemable at a premium of 10%.
  3. Issued 5,000, 10% Debentures of Rs.100 each at a discount of 5%, redeemable at a premium of 10%.
Dove Ltd. issued 8,000, 11% debentures of Rs.100 each at a premium of 5%. The total amount of interest on Debentures for one year will be:
Aarav Ltd. issued 10,000, 9% debentures of Rs.100 each at a premium of 5%, redeemable at a premium of 10%. Loss on issue of debentures account will be debited by: