Question no 15 Chapter 2 – UNIMAX Class 12 Part 2 – 2021

Question no -15 Chapter no -2 Unimax Class -12 Part - II
Question no -15 Chapter no -2 Unimax Class -12 Part - II

Question No 15 Chapter 2 – UNIMAX  Class 12 Part 2 – 2021

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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