4 9% Debenture A/c Dr. 10,00,000 To Debenture holder A/c 10,00,000 10,00,000 Debenture holder A/c Dr. 5 10,00,000 To Bank A/c 13.(a) 1 ½ marks for each entry 1. Sundry Assets A/c Dr. 8,40,000 To Sundry Liabilities A/c 80,000 To Radha Ltd. 7,20,000 To Capital Reserve A/c 40,000 2. 7,20,000 Radha Ltd. A/c Dr. 6,00,000 To 9 % Debentures A/c 1,20,000 To Security Premium Reserve A/c No. of Deb.=7,20,000 =6000 Deb. 100+20=120 (b)(i) ½ mark for each entry 1. Bank A/c Dr. 110 To Deb. App.& Allot. A/c 110 2. 110 Deb. App. & Allot. A/c Dr. 100 To Debenture A/c 10 To Security Premium Reserve A/c (b)(ii) ½ mark for each entry 1. Bank A/c Dr. 100 To Deb. App.& Allot. A/c 100 2. 100 Deb. App.& Allot. A/c Dr. 5 Loss on Issue of Deb. A/c Dr. 100 To Debenture A/c 5 To Premium on Redemption A/c (b)(iii) ½ mark for each entry
4 5 9% Debenture A/c Dr. To Debenture holder A/c Debenture holder A/c Dr. To Bank A/c 10,00,000 10,00,000 10,00,000 10,00,000 13.(a) 1 ½ marks for each entry 1. 2. Sundry Assets A/c Dr. To Sundry Liabilities A/c To Radha Ltd. To Capital Reserve A/c Radha Ltd. A/c Dr. To 9 % Debentures A/c To Security Premium Reserve A/c No. of Deb.=7,20,000 =6000 Deb. 100+20=120 8,40,000 7,20,000 80,000 7,20,000 40,000 6,00,000 1,20,000 (b)(i) ½ mark for each entry 1. 2. Bank A/c Dr. To Deb. App.& Allot. A/c Deb. App. & Allot. A/c Dr. To Debenture A/c To Security Premium Reserve A/c 110 110 110 100 10 (b)(ii) ½ mark for each entry 1. 2. Bank A/c Dr. To Deb. App.& Allot. A/c Deb. App.& Allot. A/c Dr. Loss on Issue of Deb. A/c Dr. To Debenture A/c To Premium on Redemption A/c 100 100 5 100 100 5 (b)(iii) ½ mark for each entry