Advertisement
VDO+ Tag:Question 25 Chapter 9 of Class 12 Part – 2 – 2024
25. (Different Cases of Debentures issues for Purchase Consideration other than Cash) Suvidha Ltd. Purchased machinery Rs. 1,98,000 from Suppliers Ltd. The payment was to be made by issue of 12% Debentures of Rs. 100 each. Pass the necessary Journal Entries for the purchase of machinery and issue of debentures when :
Debentures are issued at par.
(ii) Debentures are issued at 10% discount.
(iii) Debentures are issued at 10% premium.
Advertisement
Video Tag:The solution of Question 25 Chapter 9 of Class 12 Part – 2 – 2024: –
We are providing a solution of Question 25 Chapter 9 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 21 to 24 Chapter no. 9 class 12 of Usha publication. To check the direct solution of question no. 25 from the following video by using time stamps of the video.
2. Check out the Solution of Question 25 Chapter 9 of Class 12 Part – 2 – 2024 in Article Format:-
| Journal |
|||||
| Date | Particulars |
L.F. | Debit ₹ | Credit ₹ | |
| i | Machinery A/c | Dr. | 1,98,000 | ||
| To Suppliers Ltd. | 1,98,000 | ||||
| (Being machinery purchased on credit ) | |||||
| ii (a) | At Par | ||||
| Suppliers Ltd. | Dr. | 1,98,000 | |||
| To 9 % Debenture A/c | 1,98,000 | ||||
| (Being consideration paid by issuing debentures at par ) | |||||
| ii (b) | At a discount of 10% | ||||
| Suppliers Ltd. | Dr. | 1,98,000 | |||
| Discount on issue of Debenture A/c | Dr. | 22,000 | |||
| To 9 % Debenture A/c | 2,20,000 | ||||
| (Being consideration paid by issuing debentures at 20% discount ) | |||||
| ii (c) | At a premium of 10% | ||||
| Suppliers Ltd. | Dr. | 1,98,000 | |||
| To 9 % Debenture A/c | 1,80,000 | ||||
| To Securities Premium A/c | 18,000 | ||||
| (Being consideration paid by issuing debentures at 25% premium ) | |||||
Thanks, Please Like and share with your friends
Comment if you have any questions.
End of Solution
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.
Thanks for completing the chapter. If you understand the question or we have helped you with your homework, please share our website on your social media. We are delighted to help you out.
Thanks again.
Download a PDF of Chapter No. 9 – Company Accounts (Issue of Debentures):
If you want to download a PDF of this chapter then you can do it. Check out our PDF file on our Store page.
End of Post
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