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

Question 29 Chapter 10 of +2-Part-1

29. (Purchase of own debentures for immediate cancellation) On 31 March 2016 A company purchased for immediate cancellation 300 12% Debentures of Rs. 100 each at Rs. 96. Interest is payable on 31 March and 30 September. Pass necessary entries. Ignore DRR & DRI.

The solution of Question 29 Chapter 10 of +2 Part-1:-

Journal
Date	Particulars		L.F.	Debit ₹	Credit ₹
2016
Mar. 31	Debenture A/c	Dr.		30,000
	Interest on Debenture A/c	Dr.		900
	To Bank A/c				29,700
	To Profit on Redemption A/c				1,200
	(Being 300 debentures purchased @ Rs. 96 ex-interest & immediately cancelled )

	Profit on Redemption A/c	Dr.		1,200
	To Capital Reserve A/c				1,200
	(Being profit on redemption transferred to capital reserve )

It all about Question 29 Chapter 10 of +2-Part-1, If you have any problem please comment below.

Redemption of Debentures – explained with an example

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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

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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

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

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

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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

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

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

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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

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

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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

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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)

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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

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1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication

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The solution of Question 29 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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