[DK Goel] Q. 39, 40 Issue of Debentures Solutions Class 12 CBSE (2026-27)
Here are the solution of question number 39 and 40 of Issue of debentures chapter 7 of DK Goel Class 12 CBSE (2026-27).
Q. 39. X Ltd. raised a bank loan of ₹ 10,00,000 and issued by way of collateral security 10,000, 12% Debentures of ₹ 100 each. The Company further issued to public 15,000, 12% Debentures of ₹ 100 each at 2% discount payable ₹ 30 on application, ₹ 18 on allotment, ₹ 20 on first call and the balance a month later. The public applied for 20,000 debentures. Applications for 12,000 debentures were accepted in full, applications for 4,000 debentures were allotted 3,000 debentures and the remaining applications were rejected. All amounts were duly received. Prepare journal entries.
Hint: Discount on Issue of Debentures ₹ 30,000 will be written off from statement of Profit and Loss.
Solution:-
Q. 40. Journalise the following transactions at the time of issue of debentures:
(a) Nandan Ltd. issued ₹ 90,000, 12% debentures of ₹ 100 each at a discount of 5% redeemable at 110%.
(b) Winona Ltd. issued ₹ 80,000, 11% debentures of ₹ 100 each at a premium of 5% redeemable at a premium of 10%.
Solution:-
