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Question 25 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 25 Chapter 9 of +2-Part-1 - USHA Publication 12 Class Part - 1
Question 25 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

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25. (Different Cases of Debentures issues for Purchase Consideration other than Cash) Suvidha Ltd. Purchased machinery Rs. 1,98,000 from Suppliers Ltd. The payment was to be made by issue of 12% Debentures of Rs. 100 each. Pass the necessary Journal Entries for the purchase of machinery and issue of debentures when :
Debentures are issued at par.
(ii) Debentures are issued at 10% discount.
(iii) Debentures are issued at 10% premium.

The solution of Question 25 Chapter 9 of +2-Part-1 – USHA: –

Solution of Questions 21 to 25 Issue of Debentures Chapter 9 Accounts Part B class 12 PSEB Day 199

Journal
Date  Particulars
L.F.Debit ₹Credit ₹
iMachinery A/cDr. 1,98,000 
 To Suppliers Ltd.   1,98,000
 (Being machinery purchased on credit )   
     
ii (a)At Par   
 Suppliers Ltd.Dr. 1,98,000 
 To 9 % Debenture A/c  1,98,000
 (Being consideration paid by issuing debentures at par )   
     
ii (b)At a discount of 10%   
 Suppliers Ltd.Dr. 1,98,000 
 Discount on issue of Debenture A/c Dr. 22,000 
 To 9 % Debenture A/c  2,20,000
 (Being consideration paid by issuing debentures at 20% discount )   
     
ii (c)At a premium of 10%   
 Suppliers Ltd.Dr. 1,98,000 
 To 9 % Debenture A/c  1,80,000
 To Securities Premium A/c  18,000
 (Being consideration paid by issuing debentures at 25% premium )   
     

 

This is all about the Question 25 Chapter 9 of +2-Part-1 – USHA

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You can check out the following article to better understand:

Debenture – Meaning, Definition, Features, and types

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Debenture – Meaning, Definition, Features, and types – In Hindi

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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.

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Question 4 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 13 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 19 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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Question 31 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Download a PDF of Chapter No. 9 – Company Accounts (Issue of Debentures):

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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

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

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