Advertisement
Question 19 Chapter 9 of +2-Part-1
Advertisement
Table of Contents
19. (Issue of debentures in consideration other than cash) Tata Ltd purchase machinery worth ₹ 4,75,000. For this company issued 12% debentures of ₹ 100 each at of 5% in satisfaction of the purchase price. Pass the required journal entries
The solution of Question 19 Chapter 9 of +2 Part-1: –
Journal | |||||
Date | Particulars | L.F. | Debit ₹ | Credit ₹ | |
i | Machinery A/c | Dr. | 4,75,000 | ||
To Vendor’s A/ c | 4,75,000 | ||||
(Being machinery purchased ) | |||||
ii | Vendor’s A/ c | Dr. | 4,75,000 | ||
Discount on issues of Debenture A/ c | Dr. | 25,000 | |||
To Debenture A/c | 5,00,000 | ||||
(Being consideration paid by issuing debentures at 5% discount ) | |||||
It all about Question 19 Chapter 9 of +2-Part-1, If you have any problem please comment below.
Issue of Debentures from the point of view of Redemption
Advertisement-X
You can also Check out the solved question of other Chapters: –
Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
- Chapter No. 8 – Company Accounts (Share Capital)
- Chapter No. 9 – Company Accounts (Issue of Debentures)
- Chapter No. 10 – Company Accounts (Redemption of Debentures)
Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
Leave a Reply