CBSE Class 12 Accountancy HOTs Issue And Redemption of Debentures

Please refer to CBSE Class 12 Accountancy HOTs Issue And Redemption of Debentures. Download HOTS questions and answers for Class 12 Accountancy. Read CBSE Class 12 Accountancy HOTs for Part 2 Chapter 2 Issue and Redemption of Debentures below and download in pdf. High Order Thinking Skills questions come in exams for Accountancy in Class 12 and if prepared properly can help you to score more marks. You can refer to more chapter wise Class 12 Accountancy HOTS Questions with solutions and also get latest topic wise important study material as per NCERT book for Class 12 Accountancy and all other subjects for free on Studiestoday designed as per latest CBSE, NCERT and KVS syllabus and pattern for Class 12

Part 2 Chapter 2 Issue and Redemption of Debentures Class 12 Accountancy HOTS

Class 12 Accountancy students should refer to the following high order thinking skills questions with answers for Part 2 Chapter 2 Issue and Redemption of Debentures in Class 12. These HOTS questions with answers for Class 12 Accountancy will come in exams and help you to score good marks

HOTS Questions Part 2 Chapter 2 Issue and Redemption of Debentures Class 12 Accountancy with Answers


Q. 1. Sun Ltd. issued 1000 8% debentures of Rs. 1000 each as  fully paid  to Star Ltd. as consideration for a machinery purchased. Pass necessary journal entries.
Soln:
CBSE_Class_12_Accountancy_lssue_Redemption_Set_1
Soln: (i) Bank loan raised
    Bank a/c Dr.
        Bank loan a/c
(Raising of bank loan)
 
(ii) Issue of debenture as collateral security
Method 1
No journal entry is made in the books because the
debentures will become above only when the loan is
not repaid.
Method 2
Debenture syspense a/c     Dr.
          X% debentures a/c
(Issue of debentures as collateral security)
 
3. Identify the terms of issue and redemption of debentures from the given journal entries and write appropriate narrations, for debentures having a face value of Rs. 1000.
CBSE_Class_12_Accountancy_lssue_Redemption_Set_2
Soln: Case I:   Issued at premium and redeemable at par Narrations  :  (a) The  issue of 2,000 debentures of Rs. 1,000 each at Rs. 1,050.
(b) The debentures due for redemption.
(c) The amount paid on redemption
 
Case II:   Issued at par and redeemable at premium Narrations:
(a) The issue of 2000 debentures of Rs. 1000 each and redeemable at Rs. 1,050.
(b) The debentures along with premium due for redemption
(c) The amount paid on redemption.
 
Q.4. New India Ltd. has outstanding 1,100 10% debentures of Rs. 200 each. On April 1, 2005, the Board of Directors have decided to purchase 20% of own debenture for cancellation at Rs. 200 each. Record necessary entries for the same.
Soln: 
CBSE_Class_12_Accountancy_lssue_Redemption_Set_3
 
Q.5. On 1st January, 2006, the company purchased de- bentures  of  the  face  value  of Rs.  2,00,000  for Rs. 1,97,800 in the open market, held them as investments for one year and then cancelled them.

CBSE_Class_12_Accountancy_lssue_Redemption_Set_4
 
Q.6. Traders Ltd.  issued on 1st Jan. 2004, 5000, 8% Debentures of Rs. 100 each at a discount of 5%. They are repayable after 5 years at a premium of 5%. All the debentures have been subscribed. Pass entry on 1st Jan 2004.
CBSE_Class_12_Accountancy_lssue_Redemption_Set_5
Q.8. XYZ Ltd. issued 10,000 12% debentures of Rs. 100 each at par. They are redeemable   at a premium of 5% after six years. Pass entries at  the time of issue of debentures and at the time of redemption of debentures.
CBSE_Class_12_Accountancy_lssue_Redemption_Set_6
Part 1 Chapter 01 Accounting For Debentures Assignment
CBSE Class 12 Accountancy HOTs Accounting for Debentures
Part 1 Chapter 02 Accounting for Partnership Basic Concepts
CBSE Class 12 Accountancy HOTs Partnership Basic Concepts
Part 1 Chapter 03 Reconstitution of a Partnership Firm Admission of a Partner
CBSE Class 12 Accountancy HOTs Admission Of A Partner
Part 1 Chapter 04 Reconstitution of a Partnership Firm Retirement/Death of a Partner
CBSE Class 12 Accountancy HOTs Death Retirement Of A Partner
Part 1 Chapter 05 Dissolution of Partnership Firm
CBSE Class 12 Accountancy HOTs Dissolution of A partnership firm
Part 1 Chapter Accounting for Not-for-Profit Organisation
CBSE Class 12 Accountancy HOTs Accounting for Not-for- Profit Organisation
Part 2 Chapter 01 Accounting for Share Capital
CBSE Class 12 Accountancy HOTs Accounting For Share Capital
Part 2 Chapter 02 Issue and Redemption of Debentures
CBSE Class 12 Accountancy HOTs Issue And Redemption of Debentures
Part 2 Chapter 03 Financial Statements of a Company
CBSE Class 12 Accountancy HOTs Financial Statements of a Company
Part 2 Chapter 04 Analysis of Financial Statements
CBSE Class 12 Accountancy HOTs Analysis of Financial Statement
Part 2 Chapter 05 Accounting Ratios
CBSE Class 12 Accountancy HOTs Accounting Ratios
Part 2 Chapter 06 Cash Flow Statement
CBSE Class 12 Accountancy HOTs Cash Flow Statement

HOTS for Part 2 Chapter 2 Issue and Redemption of Debentures Accountancy Class 12

Expert teachers of studiestoday have referred to NCERT book for Class 12 Accountancy to develop the Accountancy Class 12 HOTS. If you download HOTS with answers for the above chapter you will get higher and better marks in Class 12 test and exams in the current year as you will be able to have stronger understanding of all concepts. High Order Thinking Skills questions practice of Accountancy and its study material will help students to have stronger understanding of all concepts and also make them expert on all critical topics. You can easily download and save all HOTS for Class 12 Accountancy also from www.studiestoday.com without paying anything in Pdf format. After solving the questions given in the HOTS which have been developed as per latest course books also refer to the NCERT solutions for Class 12 Accountancy designed by our teachers. We have also provided lot of MCQ questions for Class 12 Accountancy in the HOTS so that you can solve questions relating to all topics given in each chapter. After solving these you should also refer to Class 12 Accountancy MCQ Test for the same chapter

Where can I download latest CBSE HOTS for Class 12 Accountancy Part 2 Chapter 2 Issue and Redemption of Debentures

You can download the CBSE HOTS for Class 12 Accountancy Part 2 Chapter 2 Issue and Redemption of Debentures for latest session from StudiesToday.com

Are the Class 12 Accountancy Part 2 Chapter 2 Issue and Redemption of Debentures HOTS available for the latest session

Yes, the HOTS issued by CBSE for Class 12 Accountancy Part 2 Chapter 2 Issue and Redemption of Debentures have been made available here for latest academic session

What does HOTS stand for in Class 12 Accountancy Part 2 Chapter 2 Issue and Redemption of Debentures

HOTS stands for "Higher Order Thinking Skills" in Part 2 Chapter 2 Issue and Redemption of Debentures Class 12 Accountancy. It refers to questions that require critical thinking, analysis, and application of knowledge

How can I improve my HOTS in Class 12 Accountancy Part 2 Chapter 2 Issue and Redemption of Debentures

Regular revision of HOTS given on studiestoday for Class 12 subject Accountancy Part 2 Chapter 2 Issue and Redemption of Debentures can help you to score better marks in exams

Are HOTS questions important for Part 2 Chapter 2 Issue and Redemption of Debentures Class 12 Accountancy exams

Yes, HOTS questions are important for Part 2 Chapter 2 Issue and Redemption of Debentures Class 12 Accountancy exams as it helps to assess your ability to think critically, apply concepts, and display understanding of the subject.