✓ Board-verified
Accountancy · 2025 · 1 mark
CBSE 2025 · Region 2 · Set 1 · Q14
The following journal entry appears in the books of Latvion Ltd. Dr. Cr. Date Particulars Amount (₹) Amount (₹) 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: $\displaystyle 5,00,000$ To Premium on Redemption of Debentures A/C $\displaystyle 50,000$ The discount on issue of debentures is :ORZebu 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 :
OR
Zebu 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
From CBSE’s own marking scheme for this paper.
(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.
More from Issue and Redemption of Debentures
- Maharaja Ltd. took over assets of ₹ 15,00,000 and liabilities of ₹ 2,00,000 of Dolphin Ltd. for an agreed…2024
- Debentures which can be transferred by way of delivery and the company does not keep any record of the…2025
- Sinco Ltd. purchased assets of the book value of ₹ 1,98,000 from Dixon Ltd. It was agreed that the purchase…2023
- On 1st April, 2022, Mega Ltd. issued 30,000, 10% Debentures of ₹ 100 each at a discount of 10%. The total…2024
- Satnam Ltd. purchased Building worth ₹ 5,00,000, Plant worth ₹ 4,60,000 and Furniture worth ₹ 2,20,000 from…2022
- Shivalik Ltd. issued 7% debentures of 2 100 each at a discount of 5% on 1st April, 2023. Discount on issue of…2025
- The debentures which do not carry a specific rate of interest are called:2024
- Debentures in respect of which all details including names, addresses and particulars of holding of the…2025
CBSE Class 12 Accountancy past-paper question from the 2025board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.