DK Goel Solutions Class 12 Accountancy Chapter 9 Company Accounts Redemption of Debentures

Short Answer Questions

Question 1.   

Solution  1         

1.) Utilise Rs. 10,00,000 to write off Underwriting Commission.

2.) Utilise Balance Rs. 12,00,000 to write off Premium on Redemption of 9% Debentures.

                   Numerical Questions

Question 1.  

Solution  1

Working Note:-

1.) Interest on Investment is not calculated because rate of interest is not provided.

Question 2.    

Solution  2

Question 3.  

Solution  3

Point of Knowledge:-

A Company which is not required to create DRR is exempted from Investing 15% amount also.

Question 4.  

Solution  4

Point of Knowledge:-

A Company which is not required to create DRR is exempted from Investing 15% amount also.

Question 5. 

Solution  5

Question 6.  

Solution  6

Question 7.  

Solution  7

Question 8. 

Solution  8

Question 9.   

Solution  9

Question 10.

Solution  10     

Question 11.  

Solution  11

Question 12.  

Solution  12

Working Note:-

Calculation of Number of Debentures issued =  = ^6,30,000/₁₀₅ Debentures @ Rs. 100 each.

Question 13.   

Solution  13

Question 14.  

Solution  14        

Question 15.  

Solution  15

Question 16.  

Solution  16

Question 17.  

Solution  17

Question 18.   

Solution  18

Question 19.  

Solution  19

Question 20. 

Solution  20

Question 21.   

Solution  21

Question 22.    

Solution  22

Question 23.  

Solution  23

Question 24.   

Solution  24

Question 25. 

Solution  25

Working Note:-

(i) Calculation of Amount paid for the purchase of debentures:

3,000 debentures × Rs. 90 per Debenture = Rs. 2,70,000

2,000 debentures × Rs. 95 per Debenture = Rs. 1,90,000

Total payment = Rs. 4,60,000

Question 26. 

Solution  26

Question 27. 

Solution  27

Question 28. 

Solution  28

Question 29.  

Solution  29

Question 30. 

Solution  30

Question 31. (A)    

Solution  31 (A)   

Question 32. (B)     

Solution  32 (B)

Working Note:-

(i) Conversion of Debentures into Preference Shares:-

Amount of Debentures = Rs. 2,50,000

Amount of Preference Share = Rs. 10 + Rs. 12.5

Question 33.  

Solution  33

Question 34. 

Solution  34

Question 35.  

Solution  35        

Question 36.  

Solution  36

Question 37. 

Solution  37

Question 38.   

Solution  38

Question 39.  

Solution  39        

Question 40.  

Solution  40        

Question 41.    

Solution  41

Question 42.  

Solution  42

Question 43.   

Solution  43        

Question 44. 

Solution  44

Question 45.  

Solution  45

Question 46.   

Solution  46

Question 47.

Solution  47

Question 48. 

Solution  48        

Question 49. 

Solution  49

Question 50.    

Solution  50

Question 51.  

Solution  51        

Question 52.  

Solution  52

Working Note:-

(i) Conversion of Debentures into Preference Shares:-

Amount of Debentures = Rs. 60,000 + Rs. 3,000 (5% on Premium) = Rs. 63,000

Amount of Preference Share = Rs. 100 + Rs. 20

Number of Equity Shares =  ⁶³⁰⁰⁰/₁₂₀ = 525

Amount of Equity Share Capital = 525 × Rs. 100 = Rs. 52,500

Amount of Security Premium =  525 × Rs. 20 = Rs. 10,500  

Question 53.  (A)  

Solution  53 (A)

Question 53. (B)   

Solution  53 (B)

Question 54.  

Solution  54

Question 55.  

Solution  55

Question 56.    

Solution  56

Question 57. 

Solution  57

Question 58.

Solution  58

Question 59.  

Solution  59        

Question 60. 

Solution  60      

Question 61.  

Solution  61      

Question 62.   

Solution  62               

Question 63. 

Solution  63      

Question 64. 

Solution  64    

Question 65.  

Solution  65   

Question 66.  

Solution  66

Question 67.  

Solution  67

Question 68.  

Solution  68

Question 69.  

Solution  69

Question 70.   

Solution  70

Question 71.  

Solution  71

Question 72. 

Solution  72

Question 73.  

Solution  73

Question 74.  

Solution  74

Question 75.    

Solution  75

Question 76.  

Solution  76

Question 77.  

Solution  77

Question 78.   

Solution  78       

Question 79.  

Solution  79

Question 80. 

Solution  80        

Question 81.  

Solution  81