Q6. Nav Lakshmi Ltd. Invited application for issuing 3,000, 12 % debentures of Rs. 100 each at a premium of Rs. 50 per debenture. The full (Rs.) was payable on application. If you have a fixed-rate mortgage, interest rate rises won't affect you until the end of your fixed-rate period. But with a variable-rate mortgage, your interest rate could rise or fall at any point during your term. National insurance is a tax paid on earnings by employees and employers, and by the self-employed on the profits that they make.

Proper fraction button is used to change a number of the form of 9/5 to the form of 1 4/5. A proper fraction is a fraction where the numerator (top number) is less than the denominator (bottom number). Q52. Show by means of journal entries how you would record the following issues. Also show how they would appear in the respective Balance Sheets.All workers aged from aged 16 up to retirement age have to make national insurance contributions, provided you earn over a certain amount depending on your employment status: Read below DK Goel Solutions for Class 12 Chapter 8 Company Accounts Issue of Debentures. These solutions have been designed based on the latest Class 12 DK Goel Accountancy book used by commerce stream students issued for the current year and the questions given in each chapter.

The debentures are said to have been sold at a discount because the business offers debentures at a premium that is lee than their face or nominal value. A capital loss is a discount or loss on debenture issuance. It may be charged down by debiting the benefit or loss statement or the securities premium balance account. If a debenture of Rs. 100 is issued at Rs. 98 and is redeemable at Rs. 105 the following entries will be passed:-The conversion is done automatically once the nominator, e.g. 90000, and the denominator, e.g. 12, have been inserted.