Question 22 Chapter 10 of +2-Part-1 - USHA Publication 12 Class Part

Question 22 Chapter 10 of +2-Part-1

22. (Ledger Accounts) The Debenture Redemption Fund of Export Industries Ltd stood at 18,000, represented by Rs. 20,000 (nominal) investments. The debentures stood in the books at Ts. 50,000 and the Company sold Rs. 12,000 (nominal) investments at 84 per cent for the purpose of redeeming 10.000 debentures at a premium of 1%.
You are required to show the Ledger accounts to record these transactions.

The solution of Question 22 Chapter 10 of +2 Part-1:-

Debentures Redemption Account

Particulars	₹	Particulars	₹
To Premium on Red. Of deb. A/c	100	By Balance b/d	16,000
To General Reserve A/c	10,000	By Deb. Red. Fund Investment A/c	480
To Balance c/d	6,380
	16,480		16,480

Debentures Redemption Fund Investment Account

Particulars	₹	Particulars	₹
To Balance b/d	16,000	By Bank A/c	10,080
To Debenture Red. Fund A/c	480	By Balance c/d	6,400
	16,480		16,480

Debentures Account

Particulars	₹	Particulars	₹
To Bank A/c	10,000	By Balance b/d	50,000
To Balance c/d	40,000
	50,000		50,000

Premium on Redemption of Debentures Account

Particulars	₹	Particulars	₹
To Bank A/c	100	By Deb. Red. Fund A/c	100
	100		100

Bank Account

Particulars	₹	Particulars	₹
To Balance c/d	100	By Debentures A/c	10,000
To Deb. Red. Fund Investment A/c	10,800	By Premium on Red. of Deb. A/c	100

Working Note :-

Calculation of Profit on sale of investment	₹
Investments having nominal value 20,000 purchased for	16,000
Investments having nominal value 1 purchased for	16,000
	20,000
	16,000	x 12,000
	20,000	x 12,000
	9,600

Sale of investments nominal value 12,000 @ 84%	10,800
Less: cost of purchase	9,600
Profit	480

It all about Question 22 Chapter 10 of +2-Part-1, If you have any problem please comment below.

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Redemption of Debentures – explained with an example

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The solution to all questions of Chapter No. 10 – Company Accounts (Redemption 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 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 2 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 3 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 4 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 5 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 6 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 7 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 8 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 9 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 10 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 11 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 12 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 13 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 14 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 15 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 16 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 17 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 18 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 19 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 20 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 21 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 22 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 23 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 24 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 25 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 26 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 27 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 28 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 29 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 30 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 32 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 33 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 34 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 35 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 36 Chapter 10 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

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Chapter No. 14 – Accounting Ratios

Chapter No. 15 – Cash Flow Statement

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The solution of Question 22 Chapter 10 of +2 Part-1:-

Check Out the Solution of all questions of this chapter:

Download a PDF of Chapter No. 10 – Company Accounts (Redemption 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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