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DK Goel Solutions ISC Q 16 Chapter 7 Company Accounts-Issue of Debentures Class 12 ISC [2023-24]

Question 16 of 26Chapter 7Class 12 · ISC✍ Vijay Adarsh

Step-by-step solution of Question 16, Chapter 7 Company Accounts – Issue of Debentures, DK Goel Class 12 Accountancy 2023-24 for the ISC Board.

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Question 16

X Ltd. had ₹ 25,00,000, 11% Debentures outstanding as on 1st April, 2021. During the year it took a loan of ₹ 5,00,000 from Punjab National Bank for which the Company placed with the bank debentures for ₹ 6,00,000 as Collateral Security. Pass journal entries, if any. Also show how the Debentures and Bank Loan will appear in the Company’s Balance Sheet as at 31st March, 2022.

DK Goel Class 12 Issue of Debentures Question 16

Solution

Solution of Q 16 Issue of Debentures DK Goel 2023-24 part 1
Solution of Q 16 Issue of Debentures DK Goel 2023-24 part 2
Stuck on this chapter?Watch it explained in the Class 12 Accounts video courseEvery chapter, step by step, by Vijay Adarsh (23 years teaching).Watch free demo
Solution of Q 16 Issue of Debentures DK Goel 2023-24 part 3
Solution of Q 16 Issue of Debentures DK Goel 2023-24 part 4
🤔 Doubt in this solution? Ask Vijay Sir below ↓✓Check your preparation for this chapterIssue of Debentures · MCQs with answers · Class 12Take the MCQ test →

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About this solution

This is Chapter 7 Company Accounts-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 ISC Guidelines. Just follow our presentation of solutions and score good marks in the Accountancy Board Exam.

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