[DK Goel] Q. 43, 44 Issue of Debentures Solutions Class 12 CBSE (2026-27)
Here are the solution of question number 43 and 44 of Issue of debentures chapter 7 of DK Goel Class 12 CBSE (2026-27).
Q. 43. Agam Ltd. issued 40,000, 9% debentures of ₹ 100 each on April 1, 2018 at a discount of 10%, redeemable at a premium of 10%.
Assuming that the interest was paid half yearly on September 30 and March 31, give journal entries for the half year ended March 31, 2019.
Solution:-
Q. 44. Zed Ltd. issued 2,00,000, 8% debentures of ₹ 100 each at a discount of 6% redeemable at a premium of 10% after 5 years. The amount was payable as follows:
| On Application | ₹ 50 per debentures and |
| On Allotment | balance |
Record the necessary journal entries for the issue of debentures in the books of Zed Ltd.
[Ans. Loss on Issue ₹ 32,00,000. It will be written off from Statement of Profit & Loss.]
Solution:-
