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Question 3 Chapter 10 of +2-Part-1
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Table of Contents
3. (Journal) UTI has Rs. 10,00,000 95. Debentures of RS. 100 each due for redemption . Pass Journal entries.
The solution of Question 3 Chapter 10 of +2 Part-1: –
Journal | |||||
Date | Particulars | L.F. | Debit ₹ | Credit ₹ | |
9 % Debenture Application A/c | Dr. | 10,00,000 | |||
To Debenture holders A/c | 10,00,000 | ||||
(Being amount due to debentures holders) | |||||
Debenture Holder A/c | Dr. | 10,00,000 | |||
To Bank A/c | 10,00,000 | ||||
(Being payment made) |
Note : UTI is a Financial Institutions , therefore , it will not create DRR for redemption of debentures under Rule 18 (7).
It all about Question 3 Chapter 10 of +2-Part-1, If you have any problem please comment below.
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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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