Question 1 Chapter 9 of Class 12 Part – 2 – 2024

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Question 1 Chapter 9 of Class 12 Part – 2 – 2024

1. (Issue at Par) X Ltd. issued 1,000, 5% Debentures of Rs. 100 each at par, payable Rs. 20 on application, Rs. 20 on allotment, Rs. 30 on first call and 30 on second call. All the amounts were duly received. Pass necessary journal entries.

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The solution of Question 1 Chapter 9 of Class 12 Part – 2 – 2024: –

We are providing a solution of Question 1 Chapter 9 of Class 12 Part – 2 – 2024 Usha Publication in two formats. one is in Video format and another is in article format. Check out both formats as follows:

1. Check out the Solution of this question in Video Format:-

The video consists solution of question numbers from 1 to 4 Chapter no. 9 class 12 of Usha publication. To check the direct solution of question no. 1 from the following video by using time stamps of the video.

Solution of Questions 1 2 3 & 4 Issue of Debentures Chapter 9 Accounts Part B class 12 PSEB Day 193

2. Check out the Solution of Question 1 Chapter 9 of Class 12 Part – 2 – 2024 in Article Format:-

Journal
Date   Particulars
L.F. Debit Credit
A) Bank A/c (1,000X 20) Dr.   20,000  
  To Debenture Application A/c       20,000
  (Being the receipt of app. Amount @ Rs. 20 on 1,000 debentures )      
         
B) Debenture Application A/c Dr.   20,000  
  To 5% Debenture A/c     20,000
  (Being transfer of app. Money debenture A/c)      
         
C) Debenture Allotment A/c (1,000 X 20) Dr.   20,000  
  To 5% Debenture A/c     20,000
  (Being allotment money due )      
         
D) Bank A/c Dr.   20,000  
  To Debenture Allotment A/c     20,000
  (Being allotment money received )      
         
E) Debenture First Call A/c (1,000 X 30) Dr.   30,000  
  To 5% Debenture A/c     30,000
  (Being first call money due )      
         
F) Bank A/c Dr.   30,000  
  To Debenture first call A/c     30,000
  (Being first call money received )      
         
G) Debenture Second & Final Call A/c (1,000 X 30) Dr.   30,000  
  To 5% Debenture A/c     30,000
  (Being Second & final call money due )      
         
H) Bank A/c Dr.   30,000  
  To Debenture first call A/c     30,000
  (Being Second & final call money received )      

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Check Out the Solution of all questions of this chapter:

The solution to all questions of Chapter No. 9 – Company Accounts (Issue of Debentures) Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.

Question 2 Chapter 9 of Class 12 Part – 2 – 2024

Question 17 Chapter 9 of Class 12 Part – 2 – 2024

Question 32 Chapter 9 of Class 12 Part – 2 – 2024

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Download a PDF of Chapter No. 9 – Company Accounts (Issue of Debentures):

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Chapter-Wise Solution of Usha Publication Accountancy – Part 2 Class 12 – Session 2024-25 as per the PSEB curriculum

Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 2 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.

Chapter No. 8 – Company Accounts (Share Capital)

Chapter No. 9 – Company Accounts (Issue of Debentures)

Chapter No. 10 – Company Accounts (Redemption of Debentures)

Chapter No. 11 – Financial Statements of a Company

Chapter No. 12 – Financial Statement Analysis

Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size

Chapter No. 14 – Ratio Analysis

Chapter No. 15 – Cash Flow Statement

Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 2 Class 12 by Unimax Publication

Check out Part 1 of both books.

In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 1, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 1 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.

1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication

2. Advanced Accountancy Part 1 Class 12 by Unimax Publication

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