[DK Goel] Q. 29, 30 Issue of Debentures Solutions Class 12 CBSE (2026-27)
Here are the solution of question number 29 and 30 of Issue of debentures chapter 7 of DK Goel Class 12 CBSE (2026-27).
Q. 29. Ashoka Ltd. purchased machinery costing 5,40,000. It was agreed that the purchase consideration be paid by issuing 9% debentures of100 each. Assume debentures have been issued, (i) at par, and (ii) at a discount of 10%.
Give necessary journal entries.
Solution:-
Q. 30. Suvidha Ltd. purchased machinery for ₹ 1,98,000 from Suppliers Ltd. The payment was made by issue of 12% debentures of ₹ 100 each. Pass necessary journal entries for the purchase of machinery and issue of debentures when
(i) Debentures are issued at par.
(ii) Debentures are issued at 10% discount.
(iii) Debentures are issued at 10% premium.
[Ans. Number of Debentures issued in Case (i) 1,980; Case (ii) 2,200 and Case (iii) 1,800.]
Solution:-
