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VDO+ Tag:Question 12 Chapter 9 of Class 12 Part – 2 – 2024
12. (Oversubscription/ Pro-rata allotment) Sadhna issued 5,000 9% debentures of ₹ 100 each on the following terms:
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Video Tag:| ₹ 30 | on application |
| ₹ 20 | on allotment |
| ₹ 30 | on 1st call. |
| ₹ 20 | on final call. |
The public applied for 6,000 debentures. Applications for 4,000 debentures were accept full. Applications for 1,500 debentures were allotted 1,000 debentures and application 500 debentures were rejected.
Pass necessary journal entries
The solution of Question 12 Chapter 9 of Class 12 Part – 2 – 2024: –
We are providing a solution of Question 12 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 11 to 13 Chapter no. 9 class 12 of Usha publication. To check the direct solution of question no. 12 from the following video by using time stamps of the video.
2. Check out the Solution of Question 12 Chapter 9 of Class 12 Part – 2 – 2024 in Article Format:-
| Journal |
|||||
| Date | Particulars |
L.F. | Debit ₹ | Credit ₹ | |
| Bank A/c | Dr. | 1,80,000 | |||
| To Debenture Application A/c | 1,80,000 | ||||
| (Being app. Money received on 6,000 debenture 2 Rs, 30 per share ) | |||||
| Debenture Application A/c | Dr. | 1,65,000 | |||
| To 9 % Debenture A/c | 1,50,000 | ||||
| To Bank A/c | 15,000 | ||||
| (Being transfer of app. Money on 5,000 debentures & refund of amount on 500 debentures ) | |||||
| Debenture Allotment A/c | Dr. | 1,00,000 | |||
| To 9 % Debentures A/c | 1,00,000 | ||||
| (Being allotment due on 5,000 debentures @ Rs.30 per debenture ) | |||||
| Bank A/c | Dr. | 85,000 | |||
| Debenture Application A/c | Dr. | 15,000 | |||
| To Debenture Allotment A/c | 1,00,000 | ||||
| (Being allotment money received & surplus application money on debentures credited to allotment A/c ) | |||||
| Debenture First & Final Call A/c | Dr. | 1,50,000 | |||
| To 9% Debenture A/c | 1,50,000 | ||||
| (Being first call money due) | |||||
| Bank A/c | Dr. | 1,50,000 | |||
| To Debenture first & final call A/c | 1,50,000 | ||||
| (Being first call money received ) | |||||
| Debenture Final Call A/c | Dr. | 1,00,000 | |||
| To 9% Debenture A/c | 1,00,000 | ||||
| (Being final call money due ) | |||||
| Bank A/c | Dr. | 1,00,000 | |||
| To Debenture final call A/c | 1,00,000 | ||||
| (Being final call money received ) | |||||
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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
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Issue of Debentures
- Chapter No. 3 – Redemption of Debentures
- Chapter No. 4 – Financial Statements of a Company (Balance Sheet Only)
- Chapter No. 5 -Financial Statement Analysis
- Chapter No. 6 – Tools/Methods of Financial Analysis
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
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