Question No 10 Chapter 2 – UNIMAX Class 12 Part 2 – 2021
Table of Contents
Newton Ltd. purchase a Machinery from B for an agreed purchase consideration of ₹ 5,76,000 to be satisfied by the issue of 9% debenture of ₹ 100 each at 4% discount. Journal the transaction.
[6,000 debentures of ₹ 100 each]
The solution of Question 10 Chapter 2 of +2 Part-2: –
Journal
Books of Newton Ltd.
Date | Particulars |
L.F. | Debit | Credit | |
Machinery A/c | Dr. | 5,76,000 | |||
To B’s A/c | 5,76,000 | ||||
(Being machinery purchased) | |||||
B’s A/c | Dr. | 5,76,000 | |||
Discount on issue of debenture A/c | Dr. | 24,000 | |||
To Debenture A/c | 24,000 | ||||
(Being 6000 Debenture @₹100 each issued to settle the a/c of B) |
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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
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
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