DK Goel Solutions Q 20 Chapter 7 Issue of Debentures Class 12 CBSE [2023-24]
Step-by-step solution of Question 20, Chapter 7 Accounting for Companies – Issue of Debentures, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.
Question 20
India Ltd. made the following issue of 6% debentures :
- (i) For cash at 90%, 6,000 debentures of ₹ 100 each.
- (ii) 1,100 debentures of ₹ 100 each to a creditor regarding machinery costing ₹ 1,00,000.
- (iii) To bank for a loan of ₹ 7,00,000 as collateral security 10,000 debentures of ₹ 100 each.
Pass Journal entries for first year only. All capital losses are to be written off in the first year itself.
Solution
All questions of Chapter 7
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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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