Question

Required: Joumal entries.
12 X Co. Ltd issued 200. 10% debentures of Rs.100 each at a discount of 10% and redeemable at the end of 5 years at a prema
Ans: Capital reserve Rs. 1170
of 5%. The debentures were redeemed after 5 years
Required: Journal entries for issue and redemption of debentures.
Ans: Loss on issue of debenture Rs. 10
13. The Trial Balance of a company as on 31st Chaitra, last year is given below:
Particulars
Debit (Rs.) Credit (RS
Building
90,000
Machinery
66,000
Land
1,07,000
Creditors
68.000
Advance rent
12.000
Share capital
80,000
Cash at bank
40.000
Debtors
14.000
Prepaid insurance
6.000
General reserve
44.000
Revenue
3.22.000
Wages
1.10,000
Salaries
20,000
Sundry expenses
40,000
Interest
9,000
Insurance
24,000
Total
5,26,000 5,26,000
Additional Information:
Outstanding wages Rs. 10,000
ii. Outstanding Interest Rs 1,000
iv. Insurance premium Rs 4,000 advance paid
il. Depreciation on Building and Machinery 10%
Required: Ten-column worksheet.
Ans. Balance of Adi Rs 30 600 ATRRs 5 37 000 Note​

Answer 1

Answer:

This que is too long Sorry I don't know the correct answer