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Question 14 Chapter 9 of +2-Part-1
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14. (Calls in arrear) A Ltd. issued 1,50,000, 15% Debentures of Rs. 100 each, Rs. 40 was with application, 40 with the allotment and balance with the first and final call debentures were applied. All the amount was received except first and final call on 5,000debentures. Pass necessary journal entries.
The solution of Question 14 Chapter 9 of +2 Part-1: –
| Journal | |||||
| Date | Particulars | L.F. | Debit ₹ | Credit ₹ | |
| Bank A/c | Dr. | 60,00,000 | |||
| To 15 % Debenture Application A/c | 60,00,000 | ||||
| (Being app. Money received ) | |||||
| 15 % Debenture Application A/c | Dr. | 60,00,000 | |||
| To 15 % Debenture A/c | 60,00,000 | ||||
| (Being 1,50,000 debenture allotted ) | |||||
| 15 % Debenture Allotment A/c | Dr. | 60,00,000 | |||
| To 15% Debenture A/c | 60,00,000 | ||||
| (Being debentures allotment due) | |||||
| Bank A/c | Dr. | 30,00,000 | |||
| To 15 % Debenture Allotment A/c | 30,00,000 | ||||
| (Being allotment money received ) | |||||
| Bank A/c | Dr. | 29,00,000 | |||
| Calls in arrears A/c | Dr. | 1,00,000 | |||
| To Debenture call A/c | 30,00,000 | ||||
| (Being call money received ) | |||||
It all about Question 14 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 4 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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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
Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 2 Class 12 by Unimax Publication
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Issue of Debentures
- Chapter No. 3 – Redemption of Debentures
- Chapter No. 4 – Financial Statements of a Company (Balance Sheet Only)
- Chapter No. 5 -Financial Statement Analysis
- Chapter No. 6 – Tools/Methods of Financial Analysis
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – 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
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2. Advanced Accountancy Part 1 Class 12 by Unimax Publication