Question No 1 Chapter 2 – UNIMAX Class 12 Part 2 – 2021
Table of Contents
X Ltd. issued 1,200, 12% debentures of ₹ 100 each payable at ₹ 40 per debenture on application and ₹ 60 per debenture on allotment 1,000 debentures were subscribed for and all money as duly received. Pass the necessary journal entries.
The solution of Question 1 Chapter 2 of +2 Part-2: –
Journal
Books of M/S X Ltd.
| Date | Particulars |
L.F. | Debit | Credit | |
| Bank A/c | Dr. | 40,000 | |||
| To Debenture application A/c | 40,000 | ||||
| (Being receipt of application debenture received @ ₹ 40 each) | |||||
| Debenture Application A/c | Dr. | 40,000 | |||
| To Debenture A/c | 40,000 | ||||
| (Being debenture application money transferred to 12% debenture a/c) | |||||
| Debenture Allotment A/c | Dr. | 60,000 | |||
| To Debentures A/c | 60,000 | ||||
| (Being allotment money due on 1000 debenture @ ₹ 60 each) | |||||
| Bank A/c | Dr. | 60,000 | |||
| To Debenture allotment A/c | 60,000 | ||||
| (Being allotment money received on 1000 debenture @ ₹ 60 per shares) | |||||
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Share Capital: Meaning, Types, and Classes
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
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