Question No 18 Chapter 2 – UNIMAX Class 12 Part 2 – 2021
Table of Contents
Sahil Ltd. purchased sundry assets costing ₹ 10,12,500 from Raman Ltd. it was agreed that the purchases consideration was to be paid by issue of 8% debentures. Assume the preice has been paid by the issuance of:
(1) 10,125 debentures of ₹ 100 each.
(2) 7,500 debentures of ₹ 100 each.
(3) 11,250 debentures of ₹ 100 each.
The solution of Question 18 Chapter 2 of +2 Part-2: –
Journal
Books of Sahib Ltd.
| Date | Particulars |
L.F. | Debit | Credit | |
| Sundry assets A/c | Dr. | 10,12,500 | |||
| To Raman Ltd. A/c | 10,12,500 | ||||
| (Being sundry assets purchased) | |||||
| Case 1 | Raman Ltd A/c | Dr. | 10,12,500 | ||
| To Debenture A/c | 10,12,500 | ||||
| (Being 10,125 debentures of ₹ 100 each issued at par) | |||||
| Case 2 | Raman Ltd. A/c | Dr. | 10,12,500 | ||
| To Debentures A/c | 7,50,000 | ||||
| To Securities premium reserve A/c | 2,62,500 | ||||
| (Being 7,500 debentures of ₹ 100 each issued at a premium of ₹ 35 per debentures) | |||||
| Case 3 | Raman Ltd. A/c | Dr. | 10,12,500 | ||
| Discount on issue of debenture A/c | Dr. | 1,12,500 | |||
| To Debenture A/c | 11,25,000 | ||||
| (Being issuance of 11,250 debentures of ₹ 100 each issued at a discount of 10% per debentures) | |||||
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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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