26 On July 01, 2022, Panther Ltd. issued 20,000, 9% Debentures of ₹ 100 each at 8% premium andredeemable at a premium of 15% in four equal instalments starting from the end of the third year. Thebalance in Securities Premium on the date of issue of debentures was ₹ 80,000. Interest on debentureswas to be paid on March 31 every year.Pass Journal entries for the financial year 2022-23. Also prepare Loss on Issue of Debentures account.6PART BOption - I(Analysis of Financial Statements)27 ‘Freedom to Choose of method of depreciation’ refers to which limitation of financial statementanalysis.a) Historical analysis.b) Qualitative aspect ignored.c) Not free from bias.d) Ignore Price level Changes.OR. ............ is included in current assets while preparing balance sheet as per revised Schedule III butexcluded from current assets while calculating Current Ratioa) Debtors.b) Cash and Cash Equivalent.c) Loose tools and Stores and spares.d) Prepaid Expense.128 Debt-Equity Ratio of Dhamaka Ltd is 3 : 1. Which of the following will result in decrease in this ratio?a) Issue of Debentures for Cash of ₹2,00,000.b) Issue of Debentures of ₹3,00,000 to Vendors from whom Machinery was purchased.c) Goods purchased on Credit of ₹1,00,000.d) Issue of Equity Shares of ₹2,00,000.129 Statement I:- Sale of Marketable Securities will result in no flow of Cash. 1

Equityandliabilities 31-3-2019(₹) 31-3-2020(₹)10%Debentures 2,00,000 1,60,000AdditionalInformation:Interest on debentures is paid on half yearly basis on 30th September and 31st March eachyear.Debentures were redeemed on 30th September,2019. How much amount (relatedtoaboveinformation)willbeshowninFinancing ActivityforCashFlowStatementpreparedon31stMarch, 2020?(a) Outflow₹40,000.(b) Inflow ₹ 42,000.(c) Outflow₹58,000.(d) Outflow₹64,000

A company issued 10,000, 10% debentures of` 100 each at a premium of 10% on1.4.2017 to be matured on 1.4.2022. The debentures will be redeemed on maturity.COMPUTE the cost of debentures assuming 35% as tax rate.© The Institute of Chartered Accountants of India

A’ limited purchase the assets from ‘B’ Limited for ₹5,40,000. A Limited issued 10%debentures of ₹100 each at 10% discount against the payment. The number of debenturesreceived by B Limited will be:(A) 54000(B) 5400(C) 60000(D) none of the above

AdditionalInformation:Interest on debentures is paid on half yearly basis on 30th September and 31st March eachyear.Debentures were redeemed on 30th September,2019. How much amount (relatedtoaboveinformation)willbeshowninFinancing ActivityforCashFlowStatementpreparedon31stMarch, 2020?(a) Outflow₹40,000.(b) Inflow ₹ 42,000.(c) Outflow₹58,000.(d) Outflow₹64,000.

10% debentures issued to shareholders of a subsidairy company of face value 50 lakhs reedemable after 3 years. market interest is only 6% p.a