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

Posted by By Kuljeet Singh 4 Min Read July 13, 2024
Question 12 Chapter 9 of +2-Part-1 - USHA Publication 12 Class Part - 1
Question 12 Chapter 9 of +2-Part-1 - USHA Publication 12 Class Part - 1

Question 12 Chapter 9 of +2-Part-1

12. (Oversubscription/ Pro-rata allotment) Sadhna issued 5,000 9% debentures of ₹ 100 each on the following terms:

₹ 30 on application
₹ 20 on allotment
₹ 30 on 1st call.
₹ 20 on final call.

The public applied for 6,000 debentures. Applications for 4,000 debentures were accept full. Applications for 1,500 debentures were allotted 1,000 debentures and application500 debentures were rejected.
Pass necessary journal entries

The solution of Question 12 Chapter 9 of +2 Part-1: –

Solution of Questions 11 12 & 13 Issue of Debentures Chapter 9 Accounts Part B class 12 PSEB Day 196
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Journal
Date   Particulars
 L.F. Debit ₹ Credit ₹
  Bank A/c Dr.   1,80,000  
  To Debenture Application A/c       1,80,000
  (Being app. Money received on 6,000 debenture 2 Rs, 30 per share )      
         
  Debenture Application A/c Dr.   1,65,000  
  To 9 % Debenture A/c     1,50,000
  To Bank A/c     15,000
  (Being transfer of app. Money on 5,000 debentures & refund of amount on 500 debentures )      
         
  Debenture Allotment A/c Dr.   1,00,000  
  To 9 % Debentures A/c     1,00,000
  (Being allotment due on 5,000 debentures @ Rs.30 per debenture )      
         
  Bank A/c Dr.   85,000  
  Debenture Application A/c Dr.   15,000  
  To Debenture Allotment A/c       1,00,000
  (Being allotment money received & surplus application money on debentures credited to allotment A/c )        
           
  Debenture First & Final Call A/c Dr.   1,50,000  
  To 9% Debenture A/c       1,50,000
  (Being first call money due)        
           
  Bank A/c Dr.   1,50,000  
  To Debenture first & final call A/c       1,50,000
  (Being first call money received )        
           
  Debenture Final Call A/c Dr.   1,00,000  
  To 9% Debenture A/c     1,00,000
  (Being final call money due )      
         
  Bank A/c Dr.   1,00,000  
  To Debenture final call A/c     1,00,000
  (Being final call money received )      

It all about Question 12 Chapter 9 of +2-Part-1, If you have any problem please comment below.

Issue of Debentures from the point of view of Redemption

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

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

Question 3 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 4 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

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

Question 6 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 7 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 8 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

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

Question 13 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 15 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 16 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 17 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 18 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 19 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 21 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 22 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 23 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 24 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 25 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

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Question 27 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 28 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 29 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 30 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 31 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

Question 33 Chapter 9 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)

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

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Chapter No. 15 – Cash Flow Statement

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.

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

Accountancy – Part 1 Class 12 – Session 2024-25 – Solution for free

2. Advanced Accountancy Part 1 Class 12 by Unimax Publication

Advanced Accountancy II Part 1 Class 12 – Solution for free

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