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VDO+ Tag:Question 19 Chapter 10 of Class 12 Part – 2 – 2024
19. (Issue of debentures/Redemption in installments and at premium) On 1 April, 2011 Reebock Ltd; an unlisted co, issued 8,000 10% Debentures of 100 each at par, redeemable at 5% premium in two installment commencing from 30th September, 2015. It was resolved to transfer required amount to Debenture Redemption Reserve in three equal installments commencing from 31 March, 2012 The required investment was made in Govt. Securities at 9% pa. Journalise the transactions from 1 April, 2011 to 30th September, 2015 ignoring interest on debentures, TDS and loss on issue of debentures.
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Video Tag:The solution of Question 19 Chapter 10 of Class 12 Part – 2 – 2024: –
We are providing a solution of Question 19 Chapter 10 of Class 12 Part – 2 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 19 to 21 Chapter no. 10 class 12 of Usha publication. To check the direct solution of question no. 19 from the following video by using time stamps of the video.
2. Check out the Solution of Question 19 Chapter 10 of Class 12 Part – 2 – 2024 in Article Format:-
| Journal |
|||||
| Date | Particulars |
L.F. | Debit ₹ | Credit ₹ | |
| Apr.1,11 | Bank A/c | Dr. | 8,00,000 | ||
| To 10% Debenture Application A/c | 8,00,000 | ||||
| (Being 8,000 debentures of Rs. 100 each issued) | |||||
| May 31 | 10% Debenture Application A/c | Dr. | 8,00,000 | ||
| Loss on issue of Debenture A/c | Dr. | 40,000 | |||
| To 10 % Debenture A/c | 8,00,000 | ||||
| To Premium on redemption A/c | 40,000 | ||||
| (Being 8,000 debentures of Rs. 100 each issued) | |||||
| Mar.31,12 | Statement of Profit & loss | Dr. | 66,667 | ||
| To Debenture Redemption Reserve A/c | 66,667 | ||||
| (Being DRR created on 1/3 of Rs. 2,00,000) | |||||
| Mar.31,13 | Statement of Profit & loss | Dr. | 66,667 | ||
| To Debenture Redemption Reserve A/c | 66,667 | ||||
| (Being DRR created on 1/3 of Rs. 2,00,000) | |||||
| Mar.31,14 | Statement of Profit & loss | Dr. | 66,667 | ||
| To Debenture Redemption Reserve A/c | 66,667 | ||||
| (Being DRR created on 1/3 of Rs. 2,00,000) | |||||
| Mar.31,15 | Debenture Redemption Investment A/c | Dr. | 1,20,000 | ||
| To Bank A/c | 1,20,000 | ||||
| (Being investment @ 15% of Rs. 8,00,000 made) | |||||
| Sep.30 | 10 % Debenture A/c | Dr. | 4,00,000 | ||
| Premium on Redemption of Debentures A/c | Dr. | 20,000 | |||
| To Bank A/c | 4,20,000 | ||||
| (Being debentures amount due) | |||||
| Debenture holders A/c | Dr. | 4,20,000 | |||
| To Bank A/c | 4,20,000 | ||||
| (Being amount paid to debentures holders ) | |||||
Note: 1. second instalment of debentures will be paid after 30th September , 2015 . Which is not given in the solution because entrees have been asked only up to 30th Sept. 2015.
2. DRI will be realised after redemptions of all debentures .
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End of Solution
Check Out the Solution of all questions of this chapter:
The solution to all questions of Chapter No. 10 – Company Accounts (Redemption of Debentures) Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.
Question 1 Chapter 11 of Class 12 Part – 2 – 2024
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Question 13 Chapter 11 of Class 12 Part – 2 – 2024
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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
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