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DK Goel Solutions ISC Q 4 Chapter 7 Company Accounts-Issue of Debentures Class 12 ISC [2023-24]

Question 4 of 26Chapter 7Class 12 · ISC✍ Vijay Adarsh

Step-by-step solution of Question 4, Chapter 7 Company Accounts – Issue of Debentures, DK Goel Class 12 Accountancy 2023-24 for the ISC Board.

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

Question 4

Star Cosmetics Ltd. issued 20,000, 9% Debentures of ₹ 100 each payable as follows :

  1. On Application ₹ 30 payable on 1st June 2022
  2. On Allotment ₹ 30 payable on 1st August 2022
  3. On First & Final Call ₹ 40 1st January 2023

All the debentures were subscribed and allotted and the amount was duly received except the allotment and first and final call money on 500 debentures. Articles of Association of the Company provided for charging interest on Calls-in-Arrears @ 8% p.a.

Pass journal entries, prepare Calls-in-Arrears Account and show the debentures in the Balance Sheet of the Company as at 31st March, 2023.

DK Goel Class 12 Issue of Debentures Question 4

Solution

Solution of Q 4 Issue of Debentures DK Goel 2023-24 part 1
Solution of Q 4 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 4 Issue of Debentures DK Goel 2023-24 part 3
Solution of Q 4 Issue of Debentures DK Goel 2023-24 part 4
Solution of Q 4 Issue of Debentures DK Goel 2023-24 part 5
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Solution of Q 4 Issue of Debentures DK Goel 2023-24 part 6
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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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