DK Goel Solutions Q 18 Chapter 7 Issue of Debentures Class 12 CBSE [2023-24]
Step-by-step solution of Question 18, Chapter 7 Accounting for Companies – Issue of Debentures, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.
Question 18
S. Singh Limited obtained a loan of ₹ 5,00,000 from State Bank of India @10% interest. The company issued ₹ 7,50,000, 10% debentures of ₹ 100 each, in favour of State Bank of India as collateral security. Pass necessary journal entries for the above transactions :
- (i) When company decided not to record the issue of 10% Debentures as collateral security.
- (ii) When company decided to record the issue of 10% Debentures as collateral security.
Solution
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About this solution
This is Chapter 7 Accounting for Companies – Issue of Debentures of DK Goel For 2024 Examinations.
Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.
We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.
Also, we have followed the proper format and workings which are required as per CBSE Guidelines. Just follow our presentation of solutions and score good marks in the Accountancy Board Exam.
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