Q. 21 DK Goel Issue of Debentures Solutions Class 12 CBSE (2024-25)
the solution of question number 21 of Issue of debentures chapter 7 of DK Goel Class 12 CBSE (2024-25)
X Ltd. issued 25,000, 9% Debentures of ₹ 100 each at a premium of ₹ 4 per debenture on 1st April, 2022. On the same date it purchased Property, Plant and Equipment of ₹ 10,00,000 and took over current liabilities of ₹ 70,000 of Y Ltd. and paid ₹ 4,00,000 in cash and remaining by issue of 5,00,000, 9% debentures at a premium 6%. On the same date it took a loan from the Bank for ₹ 6,00,000 and issued 9% debentures as collateral security. Give entries and the extract of Balance Sheet on 31st March, 2023. Ignore Interest.
[Ans Securities Premium ₹ 1,30,000.]
Solution:-
Here are the solutions of Issue of debentures chapter 7 of DK Goel Class 12 CBSE (2024-25)
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| 2 | Question – 2 | |
| 3 | Question – 3 | |
| 4 | Question – 4 | |
| 5 | Question – 5 | |
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| 7 | Question – 7 | |
| 8 | Question – 8 | |
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| 11 | Question – 11 | |
| 12 | Question – 12 | |
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| 18 | Question – 18 | |
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| 21 | Question – 21 | |
| 22 | Question – 22 | |
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| 26 | Question – 26 | |
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| 31 | Question – 31 | |
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| 51 | Question – 51 | |
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| 54 | Question – 54 |
