Question 11 Chapter 10 of +2-Part-1 - USHA Publication 12 Class Part

Question 11 Chapter 10 of +2-Part-1

11. (Issue of debentures/Redemption in installments and at premium) On 1 April, 2011 Reebock Ltd; an unlisted co, issued 8,000 10% Debentures of 100 each at par, redeemable at 5% premium in two installment commencing from 30th September, 2015. It was resolved to transfer required amount to Debenture Redemption Reserve in three equal installments commencing from 31 March, 2012 The required investment was made in Govt. Securities at 9% pa. Journalise the transactions from 1 April, 2011 to 30th September, 2015 ignoring interest on debentures, TDS and loss on issue of debentures.

The solution of Question 10 Chapter 10 of +2 Part-1: –

Solution of Questions 11 to 15 Redemption of Debentures Chapter 10 Accounts class 12 PSEB Day 205

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Journal
Date	Particulars		L.F.	Debit ₹	Credit ₹
Apr.1,11	Bank A/c	Dr.		8,00,000
	To 10% Debenture Application A/c				8,00,000
	(Being 8,000 debentures of Rs. 100 each issued)

May 31	10% Debenture Application A/c	Dr.		8,00,000
	Loss on issue of Debenture A/c	Dr.		40,000
	To 10 % Debenture A/c				8,00,000
	To Premium on redemption A/c				40,000
	(Being 8,000 debentures of Rs. 100 each issued)

Mar.31,12	Statement of Profit & loss	Dr.		66,667
	To Debenture Redemption Reserve A/c				66,667
	(Being DRR created on 1/3 of Rs. 2,00,000)

Mar.31,13	Statement of Profit & loss	Dr.		66,667
	To Debenture Redemption Reserve A/c				66,667
	(Being DRR created on 1/3 of Rs. 2,00,000)

Mar.31,14	Statement of Profit & loss	Dr.		66,667
	To Debenture Redemption Reserve A/c				66,667
	(Being DRR created on 1/3 of Rs. 2,00,000)

Mar.31,15	Debenture Redemption Investment A/c	Dr.		1,20,000
	To Bank A/c				1,20,000
	(Being investment @ 15% of Rs. 8,00,000 made)

Sep.30	10 % Debenture A/c	Dr.		4,00,000
	Premium on Redemption of Debentures A/c	Dr.		20,000
	To Bank A/c				4,20,000
	(Being debentures amount due)

	Debenture holders A/c	Dr.		4,20,000
	To Bank A/c				4,20,000
	(Being amount paid to debentures holders )

Note: 1. second instalment of debentures will be paid after 30th September , 2015 . Which is not given in the solution because entrees have been asked only up to 30th Sept. 2015.
2. DRI will be realised after redemptions of all debentures .

It all about Question 11 Chapter 10 of +2-Part-1, If you have any problem please comment below.

Redemption of Debentures – explained with an example

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Question 1 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 2 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 3 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 4 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 7 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 8 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 9 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 10 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 11 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 12 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 13 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 14 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 15 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 16 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 17 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 18 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 19 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 20 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 21 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 22 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 23 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 24 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 25 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 26 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 27 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 28 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 29 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 30 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 32 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 33 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 34 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 35 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 36 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

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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)

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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

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The solution of Question 10 Chapter 10 of +2 Part-1: –

Check Out the Solution of all questions of this chapter:

Download a PDF of Chapter No. 10 – Company Accounts (Redemption of Debentures):

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

Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 2 Class 12 by Unimax Publication

Check out Part 1 of both books.

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