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Question 47 Chapter 9 of +2-A – T.S. Grewal 12 Class

Question 47 Chapter 9 of +2-A
Question No47 - Chapter No.9 - T.S. Grewal +2 Book 2019-Solution

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Question 47 Chapter 9 of +2-A

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47. On 1st June 2017, R Energy Ltd. issued 10,000, 7% Debentures of Rs 100 each at a discount of 10% redeemable at a premium of 10% at the end of five years. All the debentures were subscribed and allotment was made.
Prepare the Balance Sheet extract
as at 31st March 2018.

The solution of Question 47 Chapter 9 of +2-A: – 

 

Particulars

(1)


Note no.
(2)
Figures as at the end of the Current Reporting Period
(3)
Figures as at the end of the Previous Reporting Period
(4)
II. Assets    
1.Non-Current Assets    
Other Non-current assets   1,20,000
2. Current Assets    
Other current assets   40,000
Total   1,20,000

 

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Particulars
 Details
Amount
Other Non-current Assets  
Loss on the issue of Debenture1,60,000 
Less: Disclosed as other current Assets40,0001,20,000
Other current Assets  
Loss on the issue of Debenture 40,000

 

 

Particulars

(1)


Note no.
(2)
Figures as at the end of the Current Reporting Period
(3)
Figures as at the end of the Previous Reporting Period
(4)
II. Assets    
1.Non-Current Assets    
Other Non-current assets   80,000
2. Current Assets    
Other current assets   40,000
Total   1,20,000

 

Particulars
 Details
Amount
Other Non-current Assets  
Loss on the issue of Debenture1,60,000 
Less: Disclosed as other current Assets40,000 80,000
Other current Assets  
Loss on the issue of Debenture 40,000

 


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Also, Check out the solved question of previous Chapters: –

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

+2 Book 2-min

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