List of top Accountancy Questions on Accounting asked in CBSE CLASS XII

Pass necessary journal entries for the issue of debentures in the books of ZX Ltd. for the following transactions:
Issued 4,000, 8% Debentures of ₹ 100 each at a discount of 10%, redeemable at par after 5 years.
Issued 1,000, 8% Debentures of ₹ 100 each at a premium of 10%, redeemable at premium of 5% after 5 years.
Diksha, Krish and Rajan were partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. On 1st April, 2024, Rajan decided to retire from the firm. On that day, the balance in his capital account after making the necessary adjustments on account of reserves, revaluation of assets and reassessment of liabilities was ₹ 1,80,000. Diksha and Krish agreed to pay him ₹ 2,20,000 in full settlement of his claim.
Calculate Rajan’s share of goodwill and pass the necessary journal entries for the same.
SQ Ltd. forfeited 300 shares of ₹ 10 each. The amount forfeited was ₹ 2,700. What will be the maximum discount per share at which these shares can be reissued?