University:
Nova Southeastern University
Course:
INB 3550 | International Business
Academic year:

2023
Views:

353

Pages:

14
Author:

positifauuta

Issue and Redemption of Debentures Issue/Redemption of Bonus Shares: Due for Redemption: (a) At Premium: Redemption Premium Share Capital A/c Dr. Premium on Redemption A/c Cr. To R. Pref. Shareholders A/c (b) At Par: Red. Pref. Share Capital A/c Dr. To Red. Pref. Shareholders A/c Sale of Investments: Bank A/c Dr. To Investments A/c P/L on Investment (Sale T/F to P/L A/c) Fresh Issue for Fund: (a) At Par: Bank A/c Dr. To Equity Share Capital A/c (b) At Premium: Bank A/c Dr. To Securities Premium A/c Transfer of Premium on Redemption: Securities Premium A/c Dr. Profit/Loss A/c Dr. To PDR A/c csharp (For Premium on Redemption) Payment to Shareholders: Red. Pref. Shareholders A/c Dr. To Bank A/c Nominal Value of Shares Redeemed (Out of Profit): General Reserve A/c Dr. To Capital Redemption Reserve A/c Issue of Bonus Shares: CRR A/c Dr. Securities Premium A/c Dr. To Bonus to Shareholders A/c Conversion of Bonus into Equity Shares: Bonus to Shareholders A/c Dr. To Equity Share Capital A/c Issue of Debentures: Issue at Redeemable: (A) At Par: Bank A/c Dr. To Debenture A/c (B) At Discount: Bank A/c Dr. Discount on Issue of Debentures A/c Dr. To Debenture A/c (C) At Premium: Bank A/c Dr. To Debenture A/c To Securities Premium A/c (D) At Premium Premium: Bank A/c Dr. Loss on Issue of Debentures A/c Dr. To Debenture A/c To Securities Premium A/c To Premium on ROD A/c (E) At Par Premium: Bank A/c Dr. To Premium on ROD A/c (F) At Discount Premium: Bank A/c Dr. Loss on Debentures A/c Dr. To Debenture A/c To Premium on ROD A/c Purchase and Cancellation of Own Debentures: Purchase of Own Debentures: Own Debentures A/c Dr. To Bank A/c Cancellation of Own Debentures: Debentures A/c Dr. O/P A/c Dr. To Own Debentures A/c Profit on Cancellation: Debentures A/c Dr. To Profit on COD A/c Loss on Cancellation: Loss on Cancellation A/c Dr. To Own Debentures A/c Reissue/Sale of Own Debentures: Bank A/c Dr. To Own Debentures A/c Profit on Sale of O/D: Own Debentures A/c Dr. To Profit/Loss A/c Loss on Sale of O/D: Profit/Loss A/c Dr. To Own Debentures A/c Interest on O/D: Profit/Loss A/c Dr. To O/D A/c Short Code Words: For Remembering Balance Sheet and Profit/Loss A/c Items: Balance Sheet: Equity and Liabilities: S - Share Capital R - Reserve & Surplus M - Money received against Share Warrants Non-Current Liability: D - Deferred Tax Liability L - Long-Term Borrowing O - Other Long-Term Liabilities N - Long-Term Provisions Current Liabilities: T - Trade Payables O - Other Current Liabilities S - Short-Term Borrowings S - Short-Term Provisions Cash Flow Statement: Operating Activity: P - Net Profit Before Tax L - Transfer to Reserve Cash Flow From Operations: ICL - Increase in Current Liability DCL - Decrease in Current Liability Net Cash Flow From Operations: FCL - Increase in Current Liability DEA - Decrease in Current Assets Banking A/C Balance Sheet: C - Capital R - Reserves & Surplus D - Deposits B - Borrowings O - Other Liabilities & Provisions