This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1908 Excerpt: ...which have been mentioned in respect of shares, the only real difference being that, unlike shares, it is quite competent for a company, if it thinks fit, to issue debentures at a discount; it is therefore necessary to consider what Bookkeeping entries are necessary when this course is pursued. The position of affairs ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1908 Excerpt: ...which have been mentioned in respect of shares, the only real difference being that, unlike shares, it is quite competent for a company, if it thinks fit, to issue debentures at a discount; it is therefore necessary to consider what Bookkeeping entries are necessary when this course is pursued. The position of affairs under these circumstances is really as follows--that, if the entries have been passed through in the manner already described, then the credit balance of the Debentures Account in the Private Ledger will be for the nominal or face value of the debentures, and a corresponding amount will have been debited to the Debenture-holders' Account. If, therefore, the debenture-holders have paid less than the face value for their bonds it will naturally follow that this latter account will show a debit balance equal to the amount of discount allowed upon the issue, assuming that (except in respect of the discount) all payments due from debenture-holders have been made in full. To correct this it is necessary to open an account in the Private Ledger called "Cost of Issue of Debentures Account," and debit this with the amount of discount allowed, crediting the Debenture-holders' Account with a like amount, and so balancing the latter. Any commission paid to underwriters, or otherwise, in respect of the issue of debentures may also be debited to this account, which, unless the debentures are redeemable, may fairly be treated as an asset and brought into the Balance Sheet accordingly. It should, however, be gradually written against profits, as being in no real sense an asset of intrinsic value. TREATMENT OF REDEEMABLE DEBENTURES. In the case of redeemable debentures, at all events, it is necessary to remember that these debentures will, no doubt, ...
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PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
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Seller's Description:
PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
