5. Profit on Redemption A/c Dr. 3400 To Capital Reserve A/c 3400 4. . ½ mark for 1st entry, ½ mark for 2nd entry and 2 marks for 3rd entry 1. Furniture A/c Dr. 2,20,000 To M/s Furniture Mart. A/c 2,20,000 2. 1,10,000 M/s Furniture Mart. A/c Dr. 1,10,000 To Bills Payable A/c 3. 1,10,000 M/s Furniture Mart. A/c Dr. 1,00,000 To 9% Debentures A/c 10,000 To Security Premium Reserve A/c No.of Deb.=1,10,000 = 1000 Deb. 100+10=110 5. (i) OUT OF SYLLABUS. (ii)1 mark for each entry 1. Bank A/c Dr. 2,06,250 To 8% Deb. App.& Allot. A/c 2,06,250 2. 2,06,250 8% Deb. App.& Allot. A/c Dr. 1,87,500 To 8% Debentures A/c 18,750 To Security Premium Reserve A/c (iii) 1 mark for each entry 1. Own Debentures A/c Dr. 76,000 To Bank A/c 76,000 2. 9% Debentures A/c Dr. 80,000 To Own Debentures A/c 76,000 To Profit on Redemption of Deb. A/c 4,000
5. Profit on Redemption A/c Dr. To Capital Reserve A/c 3400 3400 4. . ½ mark for 1st entry, ½ mark for 2nd entry and 2 marks for 3rd entry 1. 2. 3. Furniture A/c Dr. To M/s Furniture Mart. A/c M/s Furniture Mart. A/c Dr. To Bills Payable A/c M/s Furniture Mart. A/c Dr. To 9% Debentures A/c To Security Premium Reserve A/c No.of Deb.=1,10,000 = 1000 Deb. 100+10=110 2,20,000 1,10,000 1,10,000 2,20,000 1,10,000 1,00,000 10,000 5. (i) OUT OF SYLLABUS. (ii)1 mark for each entry 1. 2. Bank A/c Dr. To 8% Deb. App.& Allot. A/c 8% Deb. App.& Allot. A/c Dr. To 8% Debentures A/c To Security Premium Reserve A/c 2,06,250 2,06,250 2,06,250 1,87,500 18,750 (iii) 1 mark for each entry 1. 2. Own Debentures A/c Dr. To Bank A/c 9% Debentures A/c Dr. To Own Debentures A/c To Profit on Redemption of Deb. A/c 76,000 80,000 76,000 76,000 4,000
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