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VDO+ Tag:Question 7 Chapter 10 of Class 12 Part – 2 – 2024
7. (Redemption in Lumpsum) An unlisted company has to redeem Rs. 6,00,000 10% redeemable debentures on 31 May, 2016. Journalise the redemption entries assuming all legal requirements are met by the company.
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Video Tag:The solution of Question 7 Chapter 10 of Class 12 Part – 2 – 2024: –
We are providing a solution of Question 7 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 6 to 10 Chapter no. 10 class 12 of Usha publication. To check the direct solution of question no. 7 from the following video by using time stamps of the video.
2. Check out the Solution of Question 7 Chapter 10 of Class 12 Part – 2 – 2024 in Article Format:-
| Journal |
|||||
| Date | Particulars |
L.F. | Debit ₹ | Credit ₹ | |
| 2018 May 31 | 10% Debenture A/c | Dr. | 6,00,000 | ||
| To Debenture holders A/c | 6,00,000 | ||||
| (Being debentures due ) | |||||
| Debenture Holder A/c | Dr. | 6,00,000 | |||
| To Bank A/c | 6,00,000 | ||||
| (Being payment made to debentures holders) | |||||
| June 30 | Bank A/c | Dr. | 90,000 | ||
| To Debenture Redemption Investment A/c | 90,000 | ||||
| (Being the investment sold) | |||||
| Debenture Redemption Investment A/c | Dr. | 1,50,000 | |||
| To General Reserve A/c | 1,50,000 | ||||
| (Being DRR transferred) | |||||
Note : As per the question all legal requirements have been met which means DRR @ 25% & DRI @ 15% have been created , therefore , these entries have not been passed .
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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.
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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