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

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

13. (Oversubscription/ Pro-rata allotment) Narendra Ltd. issued 1,000 debentures of each at a discount of 10%. The amount was payable as follows:

₹ 25 on application
₹ 35 on allotment
₹ 30 on First & final call.

In all applications for 1,200 debentures were received. Applications for 600 debenture accepted in full. One applicant who had applied for 500 debentures was allotted debentures and rest of the applications were rejected. All the amounts due were received time. Give journal entries in the books of company.

The solution of Question 13 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
Watch this video on YouTube.

Journal
Date   Particulars
 L.F. Debit ₹ Credit ₹
  Bank A/c Dr.   30,000  
  To Debenture Application A/c       30,000
  (Being app. Money received 2 Rs. 25 on 1,200 debenture )      
         
  Debenture Application A/c Dr.   27,500  
  To Debenture A/c     25,000
  To Bank A/c     2,500
  (Being transfer of app. Money on 1,000 debentures & refund of amount on 100 debentures )      
         
  Debenture Allotment A/c Dr.   35,000  
  Discount on issue of Debenture A/c Dr.   10,000  
  To Debentures A/c     45,000
  (Being allotment & discount issued credited to debentures A/c)      
         
  Bank A/c Dr.   32,500  
  Debenture Application A/c Dr.   2,500  
  To Debenture Allotment A/c       35,000
  (Being allotment money received & surplus application money on debentures credited to allotment A/c )        
           
  Debenture First & Final Call A/c Dr.   30,000  
  To 9% Debenture A/c       30,000
  (Being first & final call money due )        
           
  Bank A/c Dr.   30,000  
  To Debenture first & final call A/c       30,000
  (Being first & final call money received )        
           

It all about Question 13 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 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

Advertisement-X

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

Advertisement-Y

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

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

Advertisement-X

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

Advertisement-X

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

Advertisement-Y

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

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

Thanks for completing the chapter. If you understand the question or we have helped you with your homework, please share our website on your social media. We are delighted to help you out.

Thanks again.

End of Post

Advertisement-X

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

If you want to download a PDF of this chapter then you can do it. Check out our PDF file on our Store page.

Download Now From our Store

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

Advertisement-X

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

Advertisement

error: Content is protected !!