Question No 30 Chapter 2 – UNIMAX Class 12 Part 2 – 2021
Table of Contents
Nagoke sports Ltd. issued 15,000; 10% debentures of ₹ 10 each on 1st April 2021. The issue was fully subscribed. According to the terms of issue, interest payable on half yearly basis. Pass journal entries for the year ended 31st March, 2022.
The solution of Question 30 Chapter 2 of +2 Part-2: –
JOURNAL
NAGOKE SPORTS LTD.
Date | Particulars |
L.F. | Debit | Credit | |
2021 | |||||
Sept. 30 | Debenture interest A/c | Dr. | 75,000 | ||
To Debenture holder A/c | 75,000 | ||||
(Being the interest on debenture payable for the half year ended 30 sept. 2014) | |||||
Debenture holder A/c | Dr. | 75,000 | |||
To Bank A/c | 75,000 | ||||
(Being the interest paid to debenture holder) | |||||
2022 | |||||
March 31 | Debenture interest A/c | Dr. | 75,000 | ||
To Debenture holder A/c | 75,000 | ||||
(Being the interest on debenture for the half year ended 31-3-2015(Note)) |
Note: entry for payment will not passed as it shall be paid in the next year.
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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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