Question 6 Chapter 10 of +2-Part-1 - USHA Publication 12 Class Part

Question 6 Chapter 10 of +2-Part-1

6. (Redemption out of Capital/Lumpsum) X Ltd., listed co, on 1st January, 2014, issued 6,000 10% Debentures of Rs. 100 each at par, these debentures were redeemed on 31st March 2017 at par. Pass entries relating to issue and redemption.

The solution of Question 6 Chapter 10 of +2 Part-1: –

Solution of Questions 06 to 10 Redemption of Debentures Chapter 10 Accounts class 12 PSEB Day 204

Watch this video on YouTube.

(i) At time of issue

X Ltd. Journal
Date	Particulars		L.F.	Debit ₹	Credit ₹
1-1-14	Bank A/c	Dr.		6,00,000
	To Debenture Application & Allotment A/c				6,00,000
	(Being amount received on application)

1-1-14	Debenture Application & Allotment A/c	Dr.		6,00,000
	To 10 % Debenture A/c				6,00,000
	(Being debentures allotted )

30-4-16	Debenture Redemption Investment A/c	Dr.		90,000
	To Bank A/c				90,000
	(Being 15% investment on April 30 in the year of redemption)

(ii) At time of Redemption

X Ltd. Journal
Date	Particulars		L.F.	Debit ₹	Credit ₹
31-3-17	Bank A/c	Dr.		90,000
	To Debenture Redemption Investment A/c				90,000
	(Being the investment encashed)

31-3-17	Surplus in statement of Profit & Loss A/c	Dr.		1,50,000
	To General Reserve A/c				1,50,000
	(Being DRR created out of profit equal to 25% of debentures to be redeemed )

31-3-17	10% Debenture A/c	Dr.		6,00,000
	To Debenture holders A/c				6,00,000
	(Being debentures due for redemption )

31-3-17	Debenture Holder A/c	Dr.		6,00,000
	To Bank A/c				6,00,000
	(Being debentures holders paid )

31-3-17	Debenture Redemption Investment A/c	Dr.		1,50,000
	To General Reserve A/c				1,50,000
	(Being the investment sold)

It all about Question 6 Chapter 10 of +2-Part-1, If you have any problem please comment below.

Redemption of Debentures – explained with an example

End of Solution

Check Out the Solution of all questions of this chapter:

The solution to all questions of Chapter No. 10 – Company Accounts (Redemption of Debentures) Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.

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

Advertisement-X

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

Question 3 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 4 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 5 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 6 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 7 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 8 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 9 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

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

Question 11 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Advertisement-X

Advertisement-Y

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

Question 13 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 14 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 15 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 16 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 17 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 18 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 19 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 20 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 21 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Advertisement-X

Question 22 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 23 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 24 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 25 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 26 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Advertisement-Y

Question 27 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 28 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 29 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

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

Question 32 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Advertisement-X

Question 33 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 34 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 35 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 36 Chapter 10 of +2-Part-1 – USHA Publication 12 Class Part – 1

Thanks for completing the chapter. If you understand the question or we have helped you with your homework, please share our website on your social media. We are delighted to help you out.

Thanks again.

End of Post

Download a PDF of Chapter No. 10 – Company Accounts (Redemption of Debentures):

If you want to download a PDF of this chapter then you can do it. Check out our PDF file on our Store page.

Download Now From our Store

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.

Advertisement-X

Chapter No. 8 – Company Accounts (Share Capital)

Chapter No. 9 – Company Accounts (Issue of Debentures)

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

Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 2 Class 12 by Unimax Publication

Check out Part 1 of both books.

In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 1, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 1 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.

1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication

Advertisement-X

Accountancy – Part 1 Class 12 – Session 2024-25 – Solution for free

2. Advanced Accountancy Part 1 Class 12 by Unimax Publication

Advanced Accountancy II Part 1 Class 12 – Solution for free

The solution of Question 6 Chapter 10 of +2 Part-1: –

Check Out the Solution of all questions of this chapter:

Download a PDF of Chapter No. 10 – Company Accounts (Redemption of Debentures):

Chapter-Wise Solution of Usha Publication Accountancy – Part 2 Class 12 – Session 2024-25 as per the PSEB curriculum

Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 2 Class 12 by Unimax Publication

Check out Part 1 of both books.

Related