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VDO+ Tag:Question 8 Chapter 10 of Class 12 Part – 2 – 2024
8. (Redemption out of Capital/Lumpsum) X Ltd., listed co, on 1st January, 2014, issued 6,000 10% Debentures of Rs. 100 each at par, these debentures were redeemed on 31st March 2017 at par. Pass entries relating to issue and redemption.
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Video Tag:The solution of Question 8 Chapter 10 of Class 12 Part – 2 – 2024: –
We are providing a solution of Question 8 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. 8 from the following video by using time stamps of the video.
2. Check out the Solution of Question 8 Chapter 10 of Class 12 Part – 2 – 2024 in Article Format:-
(i) At time of issue
| X Ltd. Journal |
|||||
| Date | Particulars |
L.F. | Debit ₹ | Credit ₹ | |
| 1-1-14 | Bank A/c | Dr. | 6,00,000 | ||
| To Debenture Application & Allotment A/c | 6,00,000 | ||||
| (Being amount received on application) | |||||
| 1-1-14 | Debenture Application & Allotment A/c | Dr. | 6,00,000 | ||
| To 10 % Debenture A/c | 6,00,000 | ||||
| (Being debentures allotted ) | |||||
| 30-4-16 | Debenture Redemption Investment A/c | Dr. | 90,000 | ||
| To Bank A/c | 90,000 | ||||
| (Being 15% investment on April 30 in the year of redemption) | |||||
(ii) At time of Redemption
| X Ltd. Journal | |||||
| Date | Particulars |
L.F. | Debit ₹ | Credit ₹ | |
| 31-3-17 | Bank A/c | Dr. | 90,000 | ||
| To Debenture Redemption Investment A/c | 90,000 | ||||
| (Being the investment encashed) | |||||
| 31-3-17 | Surplus in statement of Profit & Loss A/c | Dr. | 1,50,000 | ||
| To General Reserve A/c | 1,50,000 | ||||
| (Being DRR created out of profit equal to 25% of debentures to be redeemed ) | |||||
| 31-3-17 | 10% Debenture A/c | Dr. | 6,00,000 | ||
| To Debenture holders A/c | 6,00,000 | ||||
| (Being debentures due for redemption ) | |||||
| 31-3-17 | Debenture Holder A/c | Dr. | 6,00,000 | ||
| To Bank A/c | 6,00,000 | ||||
| (Being debentures holders paid ) | |||||
| 31-3-17 | Debenture Redemption Investment A/c | Dr. | 1,50,000 | ||
| To General Reserve A/c | 1,50,000 | ||||
| (Being the investment sold) | |||||
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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