Question 30 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 30 Chapter 10 of +2-Part-1

30. (Purchased own debentures for immediate cancellation) On 1st Jan., 2015, Satish Ltd. had 1,000 12 % Debentures of Rs. 100 each. Interest on debentures is payable half yearly on 30th June and 31st December. On 1st July 2015, the company purchased 300 own debentures at Rs. 93 for immediate cancellation. Record the necessary Journal Entries on the date of purchase. Ignore DRR & DRI.

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Redemption of Debentures – explained with an example

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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