Question no 19 Chapter 2 - UNIMAX Class 12 Part 2 - 2021

Question No  19 Chapter 2 - UNIMAX  Class 12 Part 2 - 2021

Suvidha Ltd. purchases machinery worth ₹ 1,98,000 from Suppliers Ltd. The payment was made by issue of 12% debentures of ₹ 100 each. Pass necessary journal entries for the purchase of machinery and issue of debentures when:
(1) Debenture are issued at par.
(2) Debenture are issued at 10% discount.
(3) Debenture are issued at 10% premium.

The solution of Question 19 Chapter 2 of +2 Part-2: -

Journal
In the Books of Suvidha Ltd.

Date	Particulars		L.F.	Debit	Credit
	Machinery A/c	Dr.		1,98,000
	To Suppliers Ltd. A/c				1,98,000
	(Being machinery purchased)
Case 1	Suppliers Ltd. A/c	Dr.		1,98,000
	To Debenture A/c				1,98,000
	(Being 1980, 12% debenture issued at ₹ 100 each to suppliers Ltd.)
Case 2	Suppliers Ltd. A/c	Dr.		1,98,000
	Discount on issue of debenture A/c	Dr.		22,000
	To Debentures A/c				2,20,000
	(Being 12% debenture issued to Suppliers Ltd. To settle A/c)
Case 3	Suppliers Ltd. A/c	Dr.		1,98,000
	To Debenture A/c				1,80,000
	To Securities premium reserve A/c				18,000
	(Being debenture issued to suppliers Ltd. To settle their a/c)

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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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