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Question 32 Chapter 9 of +2-Part-1
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32. (Debentures Issued as Collateral Security/Balance Sheet) Agra Shoe company issued 9,000 12% debentures of ₹ 100 each at a 10% premium to the public and 4,000 10% debentures of ₹100 each as security against a bank loan of ₹ 2,50,000. Prepare a Balance Sheet showing both types of debentures.
The solution to Question 32 Chapter 9 of +2 Part-1: –
a) If entries were passed on debentures were issued as collateral Security
| Balance Sheet | |||
| Particulars | ₹ | Particulars | ₹ |
| Reverse & Surplus | Cash at Bank | 12,40,000 | |
| Security premium | 90,000 | ||
| Secured Loans | |||
| 12% Debentures | 9,00,000 | ||
| (9,000 debentures of Rs. 100 each issued for cash) | |||
| (4,000 debentures of Rs. 100 each given as collateral Security) | |||
| Bank Loans | 2,50,000 | ||
| (4,000 debentures of Rs. 100 each given as collateral Security) | |||
| 12,40,000 | 12,40,000 | ||
b) If entries were passed on debentures being issued as collateral Security
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| Balance Sheet | |||
| Particulars | ₹ | Particulars | ₹ |
| Reverse & Surplus | Cash at Bank | 12,40,000 | |
| Security premium | 90,000 | Debentures Suspense A/c | 4,00,000 |
| Secured Loans | |||
| 12% Debentures | 13,00,000 | ||
| (13,000 debentures of Rs. 100 each issued for cash) | |||
| (4,000 debentures of Rs. 100 each given as collateral Security) | |||
| Bank Loans | 2,50,000 | ||
| (4,000 debentures of Rs. 100 each given as collateral Security) | |||
| 16,40,000 | 16,40,000 | ||
It all about Question 32 Chapter 9 of +2-Part-1, If you have any problem please comment below.
Issue of Debentures from the point of view of Redemption
End of Solution
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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)
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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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Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 2 Class 12 by Unimax Publication
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Issue of Debentures
- Chapter No. 3 – Redemption of Debentures
- Chapter No. 4 – Financial Statements of a Company (Balance Sheet Only)
- Chapter No. 5 -Financial Statement Analysis
- Chapter No. 6 – Tools/Methods of Financial Analysis
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
Check out Part 1 of both books.
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1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication
2. Advanced Accountancy Part 1 Class 12 by Unimax Publication