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VDO+ Tag:Question 34 Chapter 9 of Class 12 Part – 2 – 2024
34. (Different cases of Issue of Debentures) Give journal entries in each of the following at Rs. 100.alternative cases assuming the face value of a debenture being Rs. 100.
A 12% debenture issued at Rs. 100 repayable at Rs. 100.
(b) A 12% debenture issued at Rs. 95 repayable at Rs. 100.
(c) A 12% debenture issued at Rs. 105 repayable at Rs. 100.
(d) A 12% debenture issued at Rs. 100 repayable at Rs. 105.
(e) A 12% debenture issued at Rs. 95 repayable at Rs.105.
(f) A 12% debenture issued at Rs. 105 repayable at Rs 110.
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Video Tag:The solution of Question 34 Chapter 9 of Class 12 Part – 2 – 2024: –
We are providing a solution of Question 34 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 33 to 36 Chapter no. 9 class 12 of Usha publication. To check the direct solution of question no. 34 from the following video by using time stamps of the video.
2. Check out the Solution of Question 34 Chapter 9 of Class 12 Part – 2 – 2024 in Article Format:-
| Journal |
|||||
| Date | Particulars |
L.F. | Debit ₹ | Credit ₹ | |
| Bank A/c | Dr. | 100 | |||
| To Debenture Application & allotment A/c | 100 | ||||
| (Being receipt of debenture money received) | |||||
| Debenture Application & Allotment A/c | Dr. | 100 | |||
| To 12% Debenture A/c | 100 | ||||
| (Being issue of debentures at par) | |||||
| Bank A/c | Dr. | 95 | |||
| To Debenture Application & Allotment A/c | 95 | ||||
| (Being receipt debentures money ) | |||||
| Debenture Application & Allotment A/c | Dr. | 95 | |||
| Discount on issue of Debentures A/c | Dr. | 5 | |||
| To 10% Debenture A/c | 100 | ||||
| (Being issue of debentures at par redeemable at 10 % premium) | |||||
| Bank A/c | Dr. | 105 | |||
| To Debenture Application & Allotment A/c | 105 | ||||
| (Being receipt debentures app. Money) | |||||
| Debenture Application & Allotment A/c | Dr. | 105 | |||
| To 12% Debenture A/c | 100 | ||||
| To Premium on Redemption of Debentures A/c | 5 | ||||
| (Being issue of debentures at discount repayable at premium ) | |||||
| Bank A/c | Dr. | 100 | |||
| To Debenture Application & Allotment A/c | 100 | ||||
| (Being receipt debentures app. Money ) | |||||
| Debenture Application & Allotment A/c | Dr. | 100 | |||
| Loss on issue of Debentures A/c | Dr. | 5 | |||
| To 12% Debenture A/c | 100 | ||||
| To Premium on redemption of debentures A/c | 5 | ||||
| (Being the issue of debentures at par but redeemable at 5% prepium) | |||||
| Bank A/c | Dr. | 95 | |||
| To Debenture Application & Allotment A/c | 95 | ||||
| (Being the receipt of Debenture Application Money) | |||||
| Debenture Application & Allotment A/c | Dr. | 95 | |||
| Loss on issue of Debentures A/c | Dr. | 10 | |||
| To 12% Debenture A/c | 100 | ||||
| To Premium on redemption of debentures A/c | 5 | ||||
| (Being issue of debentures at premium redeemable at par) | |||||
| Bank A/c | Dr. | 105 | |||
| To Debenture Application & Allotment A/c | 105 | ||||
| (Being subscription amount received ) | |||||
| Debenture Application & Allotment A/c | Dr. | 105 | |||
| Loss on issue of Debentures A/c | Dr. | 10 | |||
| To 12% Debenture A/c | 100 | ||||
| To Securities Premium Reserve A/c | 5 | ||||
| To Premium on redemption of debentures A/c | 10 | ||||
| (Being issue of debentures at 5 % discount which are redeemable at 10% premium ) | |||||
Note : According to prudence & realisation concepts the latter discount (which id to be materialize on redemption ) being an unrealised gain should not be taken into account at the tom od issue & allotment 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
- 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