DK Goel Solutions Q 23 Chapter 7 Issue of Debentures Class 12 CBSE [2023-24]
Step-by-step solution of Question 23, Chapter 7 Accounting for Companies – Issue of Debentures, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.
Question 23
What journal entries will be made in the following cases :
- (i) A company issued ₹ 40,000, 12% Debentures at par, redeemable also at par.
- (ii) A company issued ₹ 40,000, 12% Debentures at a discount of 10% redeemable at par;
- (iii) A company issued ₹ 40,000, 12% Debentures at a premium of 5% redeemable at par;
- (iv) A company issued ₹ 40,000, 12% Debentures at par, redeemable at 10% premium; and
- (v) A company issued ₹ 40,000, 12% Debentures at a discount of 5% and redeemable at 5% premium.
Note. The face value of a 12% Debenture is ₹ 100.
Solution
All questions of Chapter 7
Orange = this question · Grey = already opened.
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.
Stuck on this question? Ask Vijay Sir
Be the first to ask on this question.