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

Question 47 Chapter 9 of +2-A

Question 47 Chapter 9 of +2-A

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

 

 

 
Particulars
 Details
Amount
Other Non-current Assets    
Loss on the issue of Debenture 1,60,000  
Less: Disclosed as other current Assets 40,000 1,20,000
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 Debenture 1,60,000  
Less: Disclosed as other current Assets 40,000  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)

  • Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
  • Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
  • Chapter No. 3 – Goodwill: Nature and Valuation
  • Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
  • Chapter No. 5 – Admission of a Partner
  • Chapter No. 6 – Retirement/Death of a Partner
  • Chapter No. 7 – Dissolution of a Partnership Firm

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)

  • Chapter No. 1 – Financial Statements of a Company
  • Chapter No. 2 – Financial Statement Analysis 
  • Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
  • Chapter No. 4 – Accounting Ratios
  • Chapter No. 5 – Cash Flow Statement

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

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