Question no 10 Chapter 2 - UNIMAX Class 12 Part 2 - 2021

Question No 10 Chapter 2 - UNIMAX  Class 12 Part 2 - 2021

Newton Ltd. purchase a Machinery from B for an agreed purchase consideration of ₹ 5,76,000 to be satisfied by the issue of 9% debenture of ₹ 100 each at 4% discount. Journal the transaction.
[6,000 debentures of ₹ 100 each]

The solution of Question 10 Chapter 2 of +2 Part-2: -

Journal
Books of Newton Ltd.

Date	Particulars		L.F.	Debit	Credit
	Machinery A/c	Dr.		5,76,000
	To B’s A/c				5,76,000
	(Being machinery purchased)
	B’s A/c	Dr.		5,76,000
	Discount on issue of debenture A/c	Dr.		24,000
	To Debenture A/c				24,000
	(Being 6000 Debenture @₹100 each issued to settle the a/c of B)

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Usha Publication - Accountancy PSEB (Class 12) - Volume I - Solution

• Chapter No. 1 – Accounting Not for Profit Organisations
• Chapter No. 2 – Partnership Accounts – I (Introduction)
• Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
• Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
• Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
• Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
• Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
• Chapter No. 8 – Company Accounts (Share Capital)
• Chapter No. 9 – Company Accounts (Issue of Debentures)
• Chapter No. 10 – Company Accounts (Redemption of Debentures)

Usha Publication - Accountancy PSEB (Class 12) - Volume II - Solution

• Chapter No. 1 – Financial Statements of a Company
• Chapter No. 2 – Financial Statement Analysis
• Chapter No. 3 –  Tools of Financial Statement Analysis- Comparative and Common Size  
• Chapter No. 4 – Ratio Analysis
• Chapter No. 5 – Cash Flow Statement

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