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Accountancy · 2026 · 1 mark

CBSE 2026 · Region 1 · Set 2 · Q12

If $\displaystyle 600$ shares of ₹ $\displaystyle 10$ each, issued at a premium of ₹ $\displaystyle 1$ per share are forfeited on which ₹ $\displaystyle 8$ per share (including premium) have been called and ₹ $\displaystyle 6$ per share (including premium) have been paid, then 'Share Forfeiture Account' will be by
OR
T.D. Ltd. issued ₹ $\displaystyle 10,00,000$, $\displaystyle 9$% debentures at a discount of $\displaystyle 10$% redeemable at a certain rate of premium. On issue of these $\displaystyle 9$% debentures, the premium on redemption of debentures account was credited by ₹ $\displaystyle 1,00$,000. The amount of 'loss on issue of debentures' was :

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CBSE Class 12 Accountancy past-paper question from the 2026board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.