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Accountancy · 2025 · 1 mark
CBSE 2025 · Region 2 · Set 3 · Q12
The following journal entry appears in the books of Latvion Ltd. Dr. Cr. Date Particulars Amount Amount (Q) (Q) Bank A/C. Dr. 4,75,000 Loss on Issue…
The following journal entry appears in the books of Latvion Ltd. Dr. Cr. Date Particulars Amount Amount (Q) (Q) Bank A/C . Dr. $\displaystyle 4,75,000$ Loss on Issue of debentures A/C . . Dr. $\displaystyle 75,000$ To $\displaystyle 12$% Debentures A/c: $\displaystyle 5$, $\displaystyle 00,000$ To Premium on Redemption of Debentures A/c: $\displaystyle 50,000$ The discount on issue of debentures is :
Zeba Limited issued $\displaystyle 15,000$, $\displaystyle 9$% debentures of ₹ $\displaystyle 100$ each at $\displaystyle 10$% discount on 1st April, 2023. It has a balance of ₹ $\displaystyle 1,00,000$ in Securities Premium Account. The 'Discount on issue of Debentures' of ₹ $\displaystyle 1,50,000$ will be written off :
Official answer
(a) → (B)
(b) → (A)
Marking-scheme solution
(B)
$\displaystyle 5$%
OR
Q. (b) Zeba Ltd. Issued……….
Ans. (A) ₹$\displaystyle 1,00,000$ out of Securities Premium Account and ₹$\displaystyle 50,000$ out of Statement of Profit and
Loss.
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CBSE Class 12 Accountancy past-paper question from the 2025 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.