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Accountancy · 2023 · 1 mark
CBSE 2023 · Region 4 · Set 2 · Q4
Anuradha Ltd. issued $\displaystyle 2,00,000$, $\displaystyle 7$% debentures of ₹ $\displaystyle 100$ each at a discount of $\displaystyle 5$% redeemable at a premium of $\displaystyle 5$%. Discount on issue and premium on redemption were accounted for through ' Loss on Issue of Debentures Account. On issue of debentures, Loss on Issue of Debentures Account will be :ORDiksha Ltd. issued $\displaystyle 4,000$, $\displaystyle 9$% Debentures of ₹ $\displaystyle 100$ each at a discount of $\displaystyle 10$%, redeemable at a premium. 'Discount on Issue of Debentures' and 'Premium on R edemption of Debentures' were accounted for through 'L oss on I ssue of Debentures Account'. If the amount of 'Loss on Issue of Debentures Account' was ₹ $\displaystyle 60,000$, then the amount of premium on redemption was :
OR
Diksha Ltd. issued $\displaystyle 4,000$, $\displaystyle 9$% Debentures of ₹ $\displaystyle 100$ each at a discount of $\displaystyle 10$%, redeemable at a premium. 'Discount on Issue of Debentures' and 'Premium on R edemption of Debentures' were accounted for through 'L oss on I ssue of Debentures Account'. If the amount of 'Loss on Issue of Debentures Account' was ₹ $\displaystyle 60,000$, then the amount of premium on redemption was :Official answer
From CBSE’s own marking scheme for this paper.
(a) → (C)
(b) → (C)
Marking-scheme solution
(i)
Debited by ₹$\displaystyle 20,00,000$
Q.(ii) Diksha Ltd. issued $\displaystyle 4000$, $\displaystyle 9$% Debentures.....................
Ans.
(c)
₹$\displaystyle 20,000$
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CBSE Class 12 Accountancy past-paper question from the 2023board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.