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Question No 23 Chapter 2 – UNIMAX Class 12 Part 2 – 2021
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Table of Contents
Journalise the following transactions.
(1) X Ltd. issues ₹ 2,00,000, 12% debenture at a discount of 5% redeemable at par.
(2) Y Ltd. issues ₹ 5,00,000 debentures at a discount of 5% redeemable at a premium of 7%.
The solution of Question 23 Chapter 2 of +2 Part-2: –
Journal
Date | Particulars | L.F. | Debit | Credit | |
1 | Bank A/c | Dr. | 1,90,000 | ||
Discount on issue of debenture A/c | Dr. | 10,000 | |||
To Debenture A/c | 2,00,000 | ||||
(Being Issued of debenture at 5% discount and redeemed at par) | |||||
2 | Bank A/c | Dr. | 4,75,000 | ||
Discount on issue of debenture A/c | Dr. | 25,000 | |||
Loss on issue of debenture A/c | Dr. | 35,000 | |||
To Debenture A/c | 5,00,000 | ||||
To premium on red of debenture A/c | 35,000 | ||||
(Being issue of debenture at 5% discount and redeemed at 9 premium of 7%) |
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Share Capital: Meaning, Types, and Classes
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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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