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

Question 29 Chapter 9 of +2-Part-1

29. (Various Cases of Redemption) Journalise the following transactions: The face value of debenture is Rs. 1,000.
40 debentures issued at Rs. 950 each, repayable at Rs. 1,000 each.
(ii) 40 debentures issued at RS. 950 each, repayable at Rs. 1,050 each.
(iii) 40 debentures issued at Rs. 1000 each, repayable at Rs. 1,050 each.
(iv) 40 debentures issued at Rs. 1,050 each, repayable at Rs. 1,000 each.

The solution of Question 29 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 ₹
i	Bank A/c (40 X950)	Dr.		38,000
	To Debenture Application & allotment A/c				38,000
	(Being app. Money received)

ii	Debenture Application & Allotment A/c (40 X950)	Dr.		38,000
	Discount on issue of Debentures A/c(40 X50)	Dr.		2,000
	To Debenture A/c				40,000
	(Being issue of 40 debentures at a discount of ₹ 50 per debenture)

iii	Bank A/c (40 X ₹ 950)	Dr.		38,000
	To Debenture Application & Allotment A/c				38,000
	(Being Application Money received)

iv	Debenture Application & Allotment A/c	Dr.		38,000
	Loss on issue of Debentures A/c	Dr.		4,000
	To Debenture A/c(40 X1000)				40,000
	To Premium on redemption of debentures A/c (40 X50)				2,000
	(Being issue of debentures at par repayable at premium)

v	Bank A/c (40 X 1000)	Dr.		40,000
	To Debenture Application & Allotment A/c				40,000
	(Being receipt debentures app. Money)

vi	Debenture Application & Allotment A/c	Dr.		40,000
	Loss on issue of Debentures A/c			2,000
	To Debenture A/c (40 X1000)				40,000
	To Premium on redemption of debentures A/c(40 X50)				2,000
	(Being issue of debentures at discount repayable at premium )

vii	Bank A/c (40 X 1050)	Dr.		42,000
	To Debenture Application & Allotment A/c				42,000
	(Being Application Money received)

viii	Debenture Application & Allotment A/c	Dr.		42,000
	To Debenture A/c (40 X1000)				40,000
	To Securities Premium A/c(40 X 50)				2,000
	(Being issue debentures at redeemable at premium at par)

It all about Question 29 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 4 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 5 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

Question 14 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 15 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 16 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 18 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 21 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 22 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

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

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

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

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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

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 29 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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