Q. 29 DK Goel Issue of Debentures Solutions Class 12 CBSE (2024-25)
the solution of question number 29 of Issue of debentures chapter 7 of DK Goel Class 12 CBSE (2024-25)
Y Ltd. issued on 1st April, 2021, 20,000, 9% Debentures of ₹ 100 each at 4% discount redeemable after four years at a premium of ₹ 5. All the debentures were subscribed. During the year ended 31st March, 2022, the company incurred a loss of ₹ 70,000. It has balance of ₹ 1,50,000 in Capital Reserve.
Pass the Journal entries for issue of debentures and writing off Loss on Issue of Debentures.
[Ans. Loss on Issue ₹ 1,80,000; Entire amount of Loss on Issue will be written off from Statement of Profit & Loss.]
Solution:-
Here are the solutions of Issue of debentures chapter 7 of DK Goel Class 12 CBSE (2024-25)
| S.N | Questions | |
| 1 | Question – 1 | |
| 2 | Question – 2 | |
| 3 | Question – 3 | |
| 4 | Question – 4 | |
| 5 | Question – 5 | |
| 6 | Question – 6 | |
| 7 | Question – 7 | |
| 8 | Question – 8 | |
| 9 | Question – 9 | |
| 10 | Question – 10 |
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| 11 | Question – 11 | |
| 12 | Question – 12 | |
| 13 | Question – 13 | |
| 14 | Question – 14 | |
| 15 | Question – 15 | |
| 16 | Question – 16 | |
| 17 | Question – 17 | |
| 18 | Question – 18 | |
| 19 | Question – 19 | |
| 20 | Question – 20 |
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| 21 | Question – 21 | |
| 22 | Question – 22 | |
| 23 | Question – 23 | |
| 24 | Question – 24 | |
| 25 | Question – 25 | |
| 26 | Question – 26 | |
| 27 | Question – 27 | |
| 28 | Question – 28 | |
| 29 | Question – 29 | |
| 30 | Question – 30 |
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| 31 | Question – 31 | |
| 32 | Question – 32 | |
| 33 | Question – 33 | |
| 34 | Question – 34 | |
| 35 | Question – 35 | |
| 36 | Question – 36 | |
| 37 | Question – 37 | |
| 38 | Question – 38 | |
| 39 | Question – 39 | |
| 40 | Question – 40 |
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| 41 | Question – 41 | |
| 42 | Question – 42 | |
| 43 | Question – 43 | |
| 44 | Question – 44 | |
| 45 | Question – 45 | |
| 46 | Question – 46 | |
| 47 | Question – 47 | |
| 48 | Question – 48 | |
| 49 | Question – 49 | |
| 50 | Question – 50 |
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| 51 | Question – 51 | |
| 52 | Question – 52 | |
| 53 | Question – 53 | |
| 54 | Question – 54 |
