Question no 17 Chapter 2 – UNIMAX Class 12 Part 2 – 2021

Question No  17 Chapter 2 – UNIMAX  Class 12 Part 2 – 2021

X Ltd. purchased assets of Y Ltd. as under:
Plant and Machinery ₹ 8,00,000
Land and Building ₹ 72,00,000
The purchases consideration was ₹ 80,00,000 ₹ 20,00,000 were paid through cheque and the remaining by issue of 6% debentures of ₹ 100 each at a premium of ₹ 20%.
Pass necessary journal entries in the books of X Ltd.

The solution of Question 17 Chapter 2 of +2 Part-2: –

Journal
In the Books of ‘X’ Ltd..

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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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