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Question 24 Chapter 10 of +2-Part-1
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Table of Contents
24. (Ledger Accounts/Sinking Fund Appeared in books) Litigrate a company gives you the following details:
10% Debentures | 8,00,000 |
Sinking Fund | 7,00,000 |
Sinking fund Investment | 7,00,000 |
50% of investments are sold at 3,15,000 4,00,000 debenture are redeemed at part7,00.000. Prepare important leader accounts.
The solution of Question 24 Chapter 10 of +2 Part-1:-
10% Debentures Account
Particulars | ₹ | Particulars | ₹ |
To Bank A/c | 4,00,000 | By Balance b/d | 8,00,000 |
To Balance c/d | 4,00,000 | ||
8,00,000 | 16,480 |
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Sinking Fund A/c
Particulars | ₹ | Particulars | ₹ |
To Sinking Fund Investment | 35,000 | By Balance b/d | 7,00,000 |
To General Reserve | 4,00,000 | ||
To Balance c/d | 2,65,000 | ||
7,00,000 | 7,00,000 |
Sinking Fund Investment Account
Particulars | ₹ | Particulars | ₹ |
To Balance b/d | 7,00,000 | By Bank A/c | 3,15,000 |
By Sinking Fund A/c | 35,000 | ||
By Balance c/d | 3,50,000 | ||
7,00,000 | 7,00,000 |
It all about Question 24 Chapter 10 of +2-Part-1, If you have any problem please comment below.
Redemption of Debentures – explained with an example
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
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