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DK Goel Solutions ISC Q 18 Chapter 7 Company Accounts-Issue of Debentures Class 12 ISC [2023-24]

Question 18 of 26Chapter 7Class 12 · ISC✍ Vijay Adarsh

Step-by-step solution of Question 18, Chapter 7 Company Accounts – Issue of Debentures, DK Goel Class 12 Accountancy 2023-24 for the ISC Board.

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Question 18

India Ltd. made the following issue of 6% debentures :

  1. (i) For cash at 90%, 6,000 debentures of ₹ 100 each.
  2. (ii) 1,100 debentures of ₹ 100 each to a creditor regarding machinery costing ₹ 1,00,000.
  3. (iii) To bank for a loan of ₹ 7,00,000 as collateral security 10,000 debentures of ₹ 100 each.

Prepare necessary entries ignoring writing off discount on issue of debentures.

DK Goel Class 12 Issue of Debentures Question 18

Solution

Solution of Q 18 Issue of Debentures DK Goel 2023-24 part 1
Solution of Q 18 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 18 Issue of Debentures DK Goel 2023-24 part 3
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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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