Question No 15 Chapter 2 – UNIMAX Class 12 Part 2 – 2021
Table of Contents
D Ltd. purchased machinery worth ₹ 2,00,000 from E Ltd. on 1.1.2022 ₹ 50,000 were paid immediately and the balance was paid by issue of ₹ 1,60,000, 12% debenture in D Ltd. Pass the necessary journal entries for recording the transactions in the books of D Ltd.
The solution of Question 15 Chapter 2 of +2 Part-2: –
Journal
In the Books of ‘D’ Ltd.
Date | Particulars |
L.F. | Debit | Credit | |
1.1.2022 | Machinery A/c | Dr. | 2,00,000 | ||
To E Ltd. A/c | 2,00,000 | ||||
(Being Machinery purchased from E Ltd.) | |||||
1.1.2022 | E Ltd. A/c | Dr. | 2,00,000 | ||
Discount on issue of debenture A/c | 10,000 | ||||
To Debenture A/c | 1,60,000 | ||||
To Bank A/c | 50,000 | ||||
(Being issue of 12% debenture and cash ₹ 50,000 on settle the E Ltd. 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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