# Question 1 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 1 Chapter 9 of +2-Part-1 - USHA Publication 12 Class Part - 1

Question 1 Chapter 9 of +2-Part-1

1. (Issue at Par) X Ltd. issued 1,000, 5% Debentures of Rs. 100 each at par, payable Rs. 20 on application, Rs. 20 on allotment, Rs. 30 on first call and 30 on second call. All the amounts were duly received. Pass necessary journal entries.

## The solution of Question 1 Chapter 9 of +2 Part-1: –

Solution of Questions 1 2 3 & 4 Issue of Debentures Chapter 9 Accounts Part B class 12 PSEB Day 193

 Journal Date Particulars L.F. Debit Credit A) Bank A/c (1,000X 20) Dr. 20,000 To Debenture Application A/c 20,000 (Being the receipt of app. Amount @ Rs. 20 on 1,000 debentures ) B) Debenture Application A/c Dr. 20,000 To 5% Debenture A/c 20,000 (Being transfer of app. Money debenture A/c) C) Debenture Allotment A/c (1,000 X 20) Dr. 20,000 To 5% Debenture A/c 20,000 (Being allotment money due ) D) Bank A/c Dr. 20,000 To Debenture Allotment A/c 20,000 (Being allotment money received ) E) Debenture First Call A/c (1,000 X 30) Dr. 30,000 To 5% Debenture A/c 30,000 (Being first call money due ) F) Bank A/c Dr. 30,000 To Debenture first call A/c 30,000 (Being first call money received ) G) Debenture Second & Final Call A/c (1,000 X 30) Dr. 30,000 To 5% Debenture A/c 30,000 (Being Second & final call money due ) H) Bank A/c Dr. 30,000 To Debenture first call A/c 30,000 (Being Second & final call money received )

It all about Question 1 Chapter 9 of +2-Part-1, If you have any problem please comment below.

Issue of Debentures from the point of view of Redemption

End of Solution

## Check Out the Solution of all questions of this chapter:

The solution to all questions of Chapter No. 9 – Company Accounts (Issue of Debentures) Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.

Question 5 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 14 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 20 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 26 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 32 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

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### Download a PDF of Chapter No. 9 – Company Accounts (Issue of Debentures):

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## Chapter-Wise Solution of Usha Publication Accountancy – Part 2 Class 12 – Session 2024-25 as per the PSEB curriculum

Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 2 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.

Chapter No. 8 – Company Accounts (Share Capital)

Chapter No. 9 – Company Accounts (Issue of Debentures)

Chapter No. 10 – Company Accounts (Redemption of Debentures)

Chapter No. 11 – Financial Statements of a Company

Chapter No. 12 – Financial Statement Analysis

Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size

Chapter No. 14 – Accounting Ratios

Chapter No. 15 – Cash Flow Statement

## Check out Part 1 of both books.

In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 1, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 1 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.

1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication

2. Advanced Accountancy Part 1 Class 12 by Unimax Publication