[DK Goel] Q. 7, 8 Issue of Debentures Solutions Class 12 CBSE (2026-27)
Here are the solution of question number 7 and 8 of Issue of debentures chapter 7 of DK Goel Class 12 CBSE (2026-27).
Q. 7. Kaveri Ltd. issued 10,000 8% debentures of ₹ 50 each at a discount of 6%. The full amount was payable on application. Applications were received for 12,000 debentures and allotment was made on pro-rata basis.
Pass the necessary journal entries for the above transactions in the books of Kaveri Ltd.
[Ans. Amount refunded ₹ 94,000.]
Solution:-
Q. 8. X Company purchased assets of the book value of ₹ 10,45,000 from Y Co. It was agreed that the purchase consideration be paid by issuing 14% Debentures of ₹ 100 each. Assume debentures have been issued (i) at par; (ii) at a premium of 10%, and (iii) at a discount of 5%.
Give necessary journal entries in the books of X company.
[Ans. Number of Debentures issued in Case (i) 10,450; Case (ii) 9,500, and Case (iii) 11,000.]
Solution:-
