[DK Goel] Q. 25, 26 Issue of Debentures Solutions Class 12 CBSE (2026-27)
Here are the solution of question number 25 and 26 of Issue of debentures chapter 7 of DK Goel Class 12 CBSE (2026-27).
Q. 25. ABC Ltd. purchased Plant and Machinery for₹25,00,000 from Mahi Ltd. on 1st April, 2025 payable 20% through a bank draft and the balance by the issue of 9% Debentures of 200 each at a premium of 10% to be redeemed at a premium of 5% after five years.
You are required to pass Journal Entries in the books of ABC Ltd.
[Ans. Number of Debentures issued 9,090; Cash paid 200.]
Solution:-
Q. 26. On 1-4-2022, K.K Ltd. issued 500, 9% Debentures of ₹ 500 each at a discount of 4%, redeemable at a premium of 5% after three years.
Pass necessary Journal Entries for the year ended 31-3-2023 assuming that interest is payable on 30th September and 31st March. The company closes its books on 31st March every year.
[Ans. Total Interest of ₹ 22,500 and loss on issue of debentures ₹ 22,500 will be transferred to Statement of Profit & Loss on 31st March, 2023.]
Solution:-
