CBSE Class 12 Accountancy Issue And Redemption of Debentures Worksheet Set C

Read and download free pdf of CBSE Class 12 Accountancy Issue And Redemption of Debentures Worksheet Set C. Download printable Accountancy Class 12 Worksheets in pdf format, CBSE Class 12 Accountancy Part 2 Chapter 2 Issue and Redemption of Debentures Worksheet has been prepared as per the latest syllabus and exam pattern issued by CBSE, NCERT and KVS. Also download free pdf Accountancy Class 12 Assignments and practice them daily to get better marks in tests and exams for Class 12. Free chapter wise worksheets with answers have been designed by Class 12 teachers as per latest examination pattern

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

Class 12 Accountancy students should refer to the following printable worksheet in Pdf in Class 12. This test paper with questions and solutions for Class 12 Accountancy will be very useful for tests and exams and help you to score better marks

Class 12 Accountancy Part 2 Chapter 2 Issue and Redemption of Debentures Worksheet Pdf

ISSUE AND REDEMPTION OF DEBENTURES
 
I. Issue for Cash

Issue at Lumpsum
 
1. Amaan Ltd. issued 10,000 ,12% debentures of ` 100 each at par. Company received 12,000 application and all were allotted on prorata basis. Full amount received along with application. Pass necessary journal entries.
 
2. Aswaneeth Ltd. issued 5,000 ,9% debentures of ` 100 each at premium of 20%. Company received 4500 application and all debentures are duly allotted. Full amount received along with application. Pass necessary journal entries.
 
3. Acculeen Ltd. issued 5,000 ,13% debentures of ` 100 each at premium of 20%. Company received 4500 application and all debentures are duly allotted. Full amount received along with application. Pass necessary journal entries.
 
4. Ayesha Ltd. issued 15,000 ,14% debentures of ` 100 each at discount of 10%. Company received 15,000 application and all debentures are duly allotted. Full amount received along with application. Pass necessary journal entries.
 
Issue in Installments
 
5. Ashley ltd issued 6,000, 9% Debentures @ `100 each at par and Redeemable at par payable as follows:
On application     `60
On allotment Balance.
Company received 8,000 application Excess application amount adjusted and allotment duly received.
Pass Journal entries for Issue of debentures.
 
6. Aarya ltd issued 5,000, 9% Debentures @ `100 each at a discount of 5% payable as follows:
On application     `30
On allotment Balance.
Company received 4500 application and all debentures holders are duly
allotted and received.
Pass Journal entries for Issue of debentures
 
7. Fathima ltd issued 8,000, 9% Debentures @ `100 each at a Premium of 10% payable as follows:
On application          `50
On allotment Balance.
Pass Journal entries for Issue of debentures.
 
II.Issue for consideration other than cash
 
8. Rabby Ltd. purchased machinery costing `99,000. It was agreed that the purchase consideration be paid by issuing 12% debentures of `100 each. Assume debentures have been issued (I) at par and (II) at a Premium of 10%. (III) at a discount of 10%.Give necessary journal entries.
 
9. Ulaa ltd. purchased machinery for `2,00,000 from Kamal. The purchase consideration is paid by issuing a 3 months Bills Payable of `56,000 and the remaining amount was paid by issue of 10% debentures at a discount of 4%. Give journal entries for the transactions.
 
10. Vishal Ltd. purchased building for `2,20,000.Half the payment was made in cash and the remaining half by issue of 12% debentures at a premium of 10%.pass the necessary journal entries.
 
11. Jeet Ltd. purchased Sundry Assets costing `2,02,500 It was agreed
that the purchase consideration was to be paid by issue of 9%
debentures. Assume the price has been paid by the issuance of :
(a) 2,025 debentures of     `100 each;
(b) 1,500 debentures of     `100 each;
(c) 2,250 debentures of     `100 each.
 
12. Sara Ltd acquired the running business of Tanu Ltd taking over the following assets and liabilities for a purchase consideration of `26,00,000
Motor Vehicle              `Rs,20,00,000
Plant & Machinery            `8,00,000
Current Assets                 `4,00,000
Creditors                         `9,00,000
The amount of purchase consideration was payable as to `4,00,000 in cash and the balance by issue of 12% debentures of `100 each at a Premium of 10%.
 
13. Ateeq ltd. took over the Assets of `8,00,000 and Liabilities of `70,000 of S. ltd. for the purchase consideration of `7,70,000. The Ateeq Ltd. paid the purchase consideration by issuing 8% Debentures of `100 each at 10% premium. Draft the journal entries in the books of Ateeq ltd.
 
14. David Ltd. purchased Assets of `5,20,000 and took over liabilities of `50,000 at an agreed value of `4,50,000 from Rahul ltd. David ltd. issued 12% Debentures of `100 each at 25% premium in full satisfaction of the purchase price. Draft journal entries in the books of David ltd.
 
III Issue as Collateral Security
 
15. Dilesha ltd. issued 12% Debentures of `5,00,000 at par. All the
amount was duly received. The company also secured a Loan of `70,000
from Punjab National Bank by issuing 2,000, 12% Debentures of `50 each
as collateral security. How will you treat the issue of such Debentures in
the Balance Sheet?
 
16. Atchuthan ltd. took a loan of `1,40,000 from the Raja National Bank by issuing 150, 5% debentures of `1,000 each as collateral security. Prepare Balance Sheet of the Company.
 
IV Issue with view point of redemption
 
17. Journalize at time of issue and redemption of debentures(face value of each Debenture `1,000)
a. 200 debentures issued at par and redeemable at par.
b. 300 debentures issued at `960 each and repayable at `1,000 each
c. 400 debentures issued at `1,040 each repayable at 1,000 each.
d. 800 Debentures issued at `1,000 each redeemable at `1,000 each.
e. 1500 debentures issued at `950 each redeemable at `1,200 each.
f. 1000 debentures issued at Rs1050 each redeemable at `1,100.
 
18. Rohan ltd. issued 50,000 7% Debentures of `100 each. Journalise for the issue and redemption of debentures:
a) When debentures were issued at par and redeemable at 108%.
b) When debentures were issued at 104% redeemable at 105%.
c) When debentures were issued at 105% redeemable at par.
d) When debentures were issued at a discount of 5% and redeemable at a premium of 10%.
e) When debentures are issued at a discount of 10% and redeemable at par.
 
V. Calculation of Interest on Debentures
 
19. On April 1, 2017 Shaun Ltd has `2,00,000, 12% Debentures outstanding on which interest is payable every September 30 and March 31. Show entries relating to interest if the year ends on March 31, 2015. Income Tax rate is 10%. Give journal entries for interest.
 
20. On January 1, 2017 Sunshine Ltd has `5,00,000, 10% Debentures outstanding on which interest is payable every June 30 and December 31. Show entries relating to interest if the year ends on December 31, 2017. Income Tax rate is 20%. Give journal entries for interest.


Please click on below link to download CBSE Class 12 Accountancy Issue And Redemption of Debentures Worksheet Set C

Part 1 Chapter 01 Accounting for Not-for-Profit Organisation
CBSE Class 12 Accountancy Accounting For Not For Profit Organisation Worksheet
CBSE Class 12 Accountancy Not For Profit Organisation Worksheet Set A
CBSE Class 12 Accountancy Not For Profit Organisation Worksheet Set B
Part 1 Chapter 02 Accounting for Partnership Basic Concepts
CBSE Class 12 Accountancy Accounting For Partnership Firms Worksheet Set A
CBSE Class 12 Accountancy Accounting For Partnership Firms Worksheet Set B
CBSE Class 12 Accountancy Fundamentals Partnership Worksheet Set A
CBSE Class 12 Accountancy Fundamentals Partnership Worksheet Set B
CBSE Class 12 Accountancy Fundamentals Partnership Worksheet Set C
CBSE Class 12 Accountancy Fundamentals Partnership Worksheet Set D
CBSE Class 12 Accountancy Fundamentals Worksheet Set A
CBSE Class 12 Accountancy Fundamentals Worksheet Set B
CBSE Class 12 Accountancy Partnership Volume Worksheet
Part 1 Chapter 03 Reconstitution of a Partnership Firm Admission of a Partner
CBSE Class 12 Accountancy Admission of A Partner Worksheet Set A
CBSE Class 12 Accountancy Admission of A Partner Worksheet Set B
CBSE Class 12 Accountancy Admission of A Partner Worksheet Set C
CBSE Class 12 Accountancy Change in Profit Sharing Worksheet Set A
CBSE Class 12 Accountancy Change in Profit Sharing Worksheet Set B
CBSE Class 12 Accountancy Change in Profit Sharing Worksheet Set C
CBSE Class 12 Accountancy Goodwill Nature And Valuation Worksheet Set A
CBSE Class 12 Accountancy Goodwill Nature And Valuation Worksheet Set B
CBSE Class 12 Accountancy Goodwill Nature And Valuation Worksheet Set C
Part 1 Chapter 04 Reconstitution of a Partnership Firm Retirement/Death of a Partner
CBSE Class 12 Accountancy Death of A Partner Worksheet Set A
CBSE Class 12 Accountancy Death of A Partner Worksheet Set B
CBSE Class 12 Accountancy Retirement of A Partner Worksheet Set A
CBSE Class 12 Accountancy Retirement of A Partner Worksheet Set B
CBSE Class 12 Accountancy Retirement of A Partner Worksheet Set C
CBSE Class 12 Accountancy Retirement of A Partner Worksheet Set D
CBSE Class 12 Accountancy Retirement or Death of a Partner Worksheet Set A
CBSE Class 12 Accountancy Retirement or Death of a Partner Worksheet Set B
Part 1 Chapter 05 Dissolution of Partnership Firm
CBSE Class 12 Accountancy Dissoultion of Partnership Firm Worksheet Set A
CBSE Class 12 Accountancy Dissoultion of Partnership Firm Worksheet Set B
CBSE Class 12 Accountancy Dissoultion of Partnership Firm Worksheet Set C
Part 2 Chapter 01 Accounting for Share Capital
CBSE Class 12 Accountancy Accounting For Companies Worksheet
CBSE Class 12 Accountancy Accounting For Share Capital Worksheet
Part 2 Chapter 02 Issue and Redemption of Debentures
CBSE Class 12 Accountancy Issue And Redemption of Debentures Worksheet Set A
CBSE Class 12 Accountancy Issue And Redemption of Debentures Worksheet Set B
CBSE Class 12 Accountancy Issue And Redemption of Debentures Worksheet Set C
Part 2 Chapter 03 Financial Statements of a Company
CBSE Class 12 Accountancy Financial Statements of A Company Worksheet
Part 2 Chapter 04 Analysis of Financial Statements
CBSE Class 12 Accountancy Analysis of Financial Statements Worksheet
CBSE Class 12 Accountancy Tools of Analysis Worksheet Set A
CBSE Class 12 Accountancy Tools of Analysis Worksheet Set B
Part 2 Chapter 05 Accounting Ratios
CBSE Class 12 Accountancy Ratio Analysis Worksheet Set A
CBSE Class 12 Accountancy Ratio Analysis Worksheet Set B
CBSE Class 12 Accountancy Ratio Analysis Worksheet Set C
Part 2 Chapter 06 Cash Flow Statement
CBSE Class 12 Accountancy Cash Flow Statement Worksheet Set A
CBSE Class 12 Accountancy Cash Flow Statement Worksheet Set B
CBSE Class 12 Accountancy Cash Flow Statement Worksheet Set C
z More Worksheets for Class 12 Accountancy
CBSE Class 12 Accountancy All Chapters Question Bank
CBSE Class 12 Accountancy All Chapters Worksheet
CBSE Class 12 Accountancy Worksheet Set A Solved
CBSE Class 12 Accountancy Worksheet Set B Solved
CBSE Class 12 Accountancy Worksheet Set C Solved
CBSE Class 12 Accountancy Worksheet Set D Solved
CBSE Class 12 Accountancy Worksheet Set E Solved
CBSE Class 12 Accountancy Worksheet Set F Solved
CBSE Class 12 Accountancy Worksheet Set G Solved
CBSE Class 12 Accountancy Worksheet Set H Solved
CBSE Class 12 Accountancy Worksheet Set I Solved

Part 2 Chapter 2 Issue and Redemption of Debentures CBSE Class 12 Accountancy Worksheet

The above practice worksheet for Part 2 Chapter 2 Issue and Redemption of Debentures has been designed as per the current syllabus for Class 12 Accountancy released by CBSE. Students studying in Class 12 can easily download in Pdf format and practice the questions and answers given in the above practice worksheet for Class 12 Accountancy on a daily basis. All the latest practice worksheets with solutions have been developed for Accountancy by referring to the most important and regularly asked topics that the students should learn and practice to get better scores in their examinations. Studiestoday is the best portal for Printable Worksheets for Class 12 Accountancy students to get all the latest study material free of cost. Teachers of studiestoday have referred to the NCERT book for Class 12 Accountancy to develop the Accountancy Class 12 worksheet. After solving the questions given in the practice sheet which have been developed as per the latest course books also refer to the NCERT solutions for Class 12 Accountancy designed by our teachers. After solving these you should also refer to Class 12 Accountancy MCQ Test for the same chapter. We have also provided a lot of other Worksheets for Class 12 Accountancy which you can use to further make yourself better in Accountancy.

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