Question No 13 Chapter 2 – UNIMAX Class 12 Part 2 – 2021
Table of Contents
Wash Well Ltd. purchased furniture for ₹ 2,00,000 from M/s furniture mart. ₹ 1,10,000 were paid by cheque. The balance was paid by issue of 12% debentures of ₹ 100 each at a discount of 10% in favour of M/s furniture Mart. Pass the necessary journal entries in the books of Wash Well Ltd.
The solution of Question 13 Chapter 2 of +2 Part-2: –
Journal
Books of Wash Well Ltd.
Date | Particulars |
L.F. | Debit | Credit | |
Furniture A/c | Dr. | 2,00,000 | |||
To M/s Furniture Mart A/c | 2,00,000 | ||||
(Being Furniture purchased) | |||||
M/s Furniture Mart A/c | Dr. | 2,00,000 | |||
Discount on issue of debenture A/c | Dr. | 10,000 | |||
To Debenture A/c | 1,00,000 | ||||
To Bank A/c | 1,10,000 | ||||
(Being debenture issued to M/s Furniture Mart @ ₹ 100 discount of 10% & ₹ 1,10,000 by cheque to settle M/s furniture Mart’s A/c) |
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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
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
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