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Question 14 Chapter 9 of Class 12 Part – 2 – 2024
14. (Calls in arrear) A Ltd. issued 1,50,000, 15% Debentures of Rs. 100 each, Rs. 40 was with application, 40 with the allotment and balance with the first and final call debentures were applied. All the amount was received except first and final call on 5,000debentures. Pass necessary journal entries.
We are providing a solution of Question 14 Chapter 9 of Class 12 Usha Publication in two formats. one is in Video format and another is in article format. Check out both formats as follows:
The video consists solution of question numbers from 14 to 16 Chapter no. 9 class 12 of Usha publication. To check the direct solution of question no. 14 from the following video by using time stamps of the video.
Journal
| Date | Particulars |
L.F. | Debit ₹ | Credit ₹ | |
|---|---|---|---|---|---|
| Bank A/c | Dr. | 60,00,000 | |||
| To 15 % Debenture Application A/c | 60,00,000 | ||||
| (Being app. Money received ) | |||||
| 15 % Debenture Application A/c | Dr. | 60,00,000 | |||
| To 15 % Debenture A/c | 60,00,000 | ||||
| (Being 1,50,000 debenture allotted ) | |||||
| 15 % Debenture Allotment A/c | Dr. | 60,00,000 | |||
| To 15% Debenture A/c | 60,00,000 | ||||
| (Being debentures allotment due) | |||||
| Bank A/c | Dr. | 30,00,000 | |||
| To 15 % Debenture Allotment A/c | 60,00,000 | ||||
| (Being allotment money received ) | |||||
| Bank A/c | Dr. | 29,00,000 | |||
| Calls in arrears A/c | Dr. | 1,00,000 | |||
| To Debenture call A/c | 30,00,000 | ||||
| (Being call money received ) | |||||
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
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