Question No 5 Chapter 2 – UNIMAX Class 12 Part 2 – 2021
Table of Contents
On 15.2.2022 ‘A’ Ltd. invited application for issue of 1,00,000 9% debentures of ₹ 100 each at a discount of 6% redeemable at par after three years. The full amount was payable on application and debenture were issued on 15.3.2022. pass the journal entries for the above transactions.
The solution of Question 5 Chapter 2 of +2 Part-2: –
Journal
Books of M/S A Ltd.
Date | Particulars |
L.F. | Debit | Credit | |
15.3.2022 | Bank A/c | Dr. | 94,00,000 | ||
To Debenture application A/c | 94,00,000 | ||||
(Being application money received on 1,00,000 debenture @ ₹ 100 per debenture at a discount of 6%) | |||||
15.3.2022 | Debenture Application A/c | Dr. | 94,00,000 | ||
Discount on issue of Debenture A/c | Dr. | 6,00,000 | |||
To Debenture A/c | 1,00,00,000 | ||||
(Being application money transferred to 9% debenture a/c) |
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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
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
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