Question 23 Chapter 10 of +2-Part-1
23. (Ledger Accounts/Sinking Fund) On 31.3.2017 the following balances appeared in the books of Sun Light company.
| 12% Debentures | 5,00,000 |
| Debenture Redemption Fund | 3,90,000 |
| 10% Debenture Redemption fund Investment | 3,90,0,0 |
On this date all the investments were sold at Rs. 3,95,000 and the debentures were redeemed.
Prepare leager accounts.
The solution of Question 23 Chapter 10 of +2 Part-1:-
12% Debentures Account
| Date | Particulars | ₹ | Date | Particulars | ₹ |
| 2013 | 2013 | ||||
| Mar. 31 | To Bank A/c | 5,00,000 | Mar. 31 | By Balance B/d | 5,00,000 |
| 1,00,000 | 1,00,000 |
Debentures Redemption Fund Account
| Date | Particulars | ₹ | Date | Particulars | ₹ |
| 2013 | 2013 | ||||
| Mar. 31 | To General Reserve | 3,90,000 | Mar. 31 | By Balance b/d | 3,90,000 |
| To Capital Reserve | 5,000 | By Deb. Red. Fund Investment A/c | 5,000 | ||
| 3,95,000 | 3,95,000 |
10 % Debentures Redemption Fund Investment Account
| Date | Particulars | ₹ | Date | Particulars | ₹ |
| 2013 | 2013 | ||||
| Mar. 31 | To Balance b/d | 3,90,000 | Mar. 31 | By Bank A/c | 3,95,000 |
| To Sinking Fund A/c | 5,000 | ||||
| 3,95,000 | 3,95,000 |
It all about Question 23 Chapter 10 of +2-Part-1, If you have any problem please comment below.
Redemption of Debentures – explained with an example
End of Solution
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Question 10 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
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.
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1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication
2. Advanced Accountancy Part 1 Class 12 by Unimax Publication