Loading Tutorstips...
✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Question 21 Chapter 9 of Class 12 Part – 2 – 2024
21. (Issue for Purchase Consideration other than Cash) P. Ltd. acquired following assets
(a) Building Rs. 8,00,000; payment made by issue of debentures of Rs. 100 each
(b) Plant Rs. 9,45,000; payment made by issue of debentures of RS. 100 each at 5% premium.
Pass journal entries.
We are providing a solution of Question 21 Chapter 9 of Class 12 Part – 2 Usha Publication in two formats. one is in Video format and another is in article format. Check out both formats as follows:
The video consists solution of question numbers from 21 to 24 Chapter no. 9 class 12 of Usha publication. To check the direct solution of question no. 21 from the following video by using time stamps of the video.
Journal
| Date | Particulars |
L.F. | Debit ₹ | Credit ₹ | |
|---|---|---|---|---|---|
| a | Building A/c | Dr. | 8,00,000 | ||
| To Vendor’s A/ c | 8,00,000 | ||||
| (Being building acquired ) | |||||
| Vendor’s A/ c | Dr. | 8,00,000 | |||
| To Debenture A/c | 8,00,000 | ||||
| (Being debentures issued ) | |||||
| b | Plant A/c | Dr. | 9,45,000 | ||
| To Vendor’s A/ c | 9,45,000 | ||||
| (Being Plant acquired ) | |||||
| Vendor’s A/ c | Dr. | 9,45,000 | |||
| To Debenture A/c | 9,00,000 | ||||
| To Securities Premium A/c | 45,000 | ||||
| (Being 9,000 debentures Of Rs. 100 each issued At 5% premium ) | |||||
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Question 21 Chapter 9 of Class 12 Part – 2 – 2024", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Textbook Solution.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
You can take our custom-built interactive practice quiz directly on this page to test your understanding of "Question 21 Chapter 9 of Class 12 Part – 2 – 2024" instantly.