Question 28 Chapter 9 of +2-Part-1 - USHA Publication 12 Class Part

Question 28 Chapter 9 of +2-Part-1

28. (Different cases of Issue of Debentures) Give journal entries in each of the following at Rs. 100.alternative cases assuming the face value of a debenture being Rs. 100.
A 12% debenture issued at Rs. 100 repayable at Rs. 100.
(b) A 12% debenture issued at Rs. 95 repayable at Rs. 100.
(c) A 12% debenture issued at Rs. 105 repayable at Rs. 100.
(d) A 12% debenture issued at Rs. 100 repayable at Rs. 105.
(e) A 12% debenture issued at Rs. 95 repayable at Rs.105.
(f) A 12% debenture issued at Rs. 105 repayable at Rs 110.

The solution of Question 28 Chapter 9 of +2 Part-1: –

Solution of Questions 26 to 29 Issue of Debentures Chapter 9 Accounts Part B class 12 PSEB Day 200

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Journal
Date	Particulars		L.F.	Debit ₹	Credit ₹
	Bank A/c	Dr.		100
	To Debenture Application & allotment A/c				100
	(Being receipt of debenture money received)

	Debenture Application & Allotment A/c	Dr.		100
	To 12% Debenture A/c				100
	(Being issue of debentures at par)

	Bank A/c	Dr.		95
	To Debenture Application & Allotment A/c				95
	(Being receipt debentures money )

	Debenture Application & Allotment A/c	Dr.		95
	Discount on issue of Debentures A/c	Dr.		5
	To 10% Debenture A/c				100
	(Being issue of debentures at par redeemable at 10 % premium)

	Bank A/c	Dr.		105
	To Debenture Application & Allotment A/c				105
	(Being receipt debentures app. Money)

	Debenture Application & Allotment A/c	Dr.		105
	To 12% Debenture A/c				100
	To Premium on Redemption of Debentures A/c				5
	(Being issue of debentures at discount repayable at premium )

	Bank A/c	Dr.		100
	To Debenture Application & Allotment A/c				100
	(Being receipt debentures app. Money )

	Debenture Application & Allotment A/c	Dr.		100
	Loss on issue of Debentures A/c	Dr.		5
	To 12% Debenture A/c				100
	To Premium on redemption of debentures A/c				5
	(Being the issue of debentures at par but redeemable at 5% prepium)

	Bank A/c	Dr.		95
	To Debenture Application & Allotment A/c				95
	(Being the receipt of Debenture Application Money)

	Debenture Application & Allotment A/c	Dr.		95
	Loss on issue of Debentures A/c	Dr.		10
	To 12% Debenture A/c				100
	To Premium on redemption of debentures A/c				5
	(Being issue of debentures at premium redeemable at par)

	Bank A/c	Dr.		105
	To Debenture Application & Allotment A/c				105
	(Being subscription amount received )

	Debenture Application & Allotment A/c	Dr.		105
	Loss on issue of Debentures A/c	Dr.		10
	To 12% Debenture A/c				100
	To Securities Premium Reserve A/c				5
	To Premium on redemption of debentures A/c				10
	(Being issue of debentures at 5 % discount which are redeemable at 10% premium )

Note : According to prudence & realisation concepts the latter discount (which id to be materialize on redemption ) being an unrealised gain should not be taken into account at the tom od issue & allotment of debentures.

It all about Question 28 Chapter 9 of +2-Part-1, If you have any problem please comment below.

Issue of Debentures from the point of view of Redemption

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

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

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

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

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Question 23 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 24 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 26 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 27 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 28 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 29 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 30 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

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

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Question 32 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 33 Chapter 9 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

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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

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The solution of Question 28 Chapter 9 of +2 Part-1: –

Check Out the Solution of all questions of this chapter:

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