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

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

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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

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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

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

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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

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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

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

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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

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Question 25 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

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

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

Question 31 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

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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

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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 13 Chapter 9 of +2 Part-1: –

Check Out the Solution of all questions of this chapter:

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