Q. 5 DK Goel Issue of Debentures Solutions Class 12 CBSE (2024-25)
Here are the solution of question number 5 of Issue of debentures chapter 7 of DK Goel Class 12 CBSE (2024-25).
X Ltd. issued 5,000, 12% Debentures of ₹ 100 each at a premium of ₹ 5 payable as follows:
| On Application | ₹ 30 |
| On Allotment | ₹ 40 (including premium) |
| On 1st and Final Call | The balance amount |
Applications were received for 6,000 debentures and allotment was made pro-rata to all applicants. All the moneys were duly received. Pass necessary journal entries.
[Ans. Cash at Bank ₹ 5,25,000. Cash received on allotment ₹ 1,70,000 and on first call ₹ 1,75,000.]
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 | |
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| 11 | Question – 11 | |
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| 51 | Question – 51 | |
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| 54 | Question – 54 |
