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Question 2 Chapter 9 of +2-Part-1
2. (Issue at Par) Godrej issued 11,000 12% Debentures of ₹ 100 each at par. Full amount was called up on application. Pass Journal entries.
Journal
| Date | Particulars |
L.F. | Debit | Credit | |
|---|---|---|---|---|---|
| A) | Bank A/c | Dr. | 11,00,000 | ||
| To 12% Debentures Application & Allotment A/ c | 11,00,000 | ||||
| (Being Full money received on application ) | |||||
| B) | 12% Debentures Application & Allotment A/ c | Dr. | 11,00,000 | ||
| To 12% Debenture A/c | 11,00,000 | ||||
| (Being 11,000 debentures allotted ) | |||||
It all about Question 2 Chapter 9 of +2-Part-1, If you have any problem please comment below.
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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.
This guide covers "Question 2 Chapter 9 of +2-Part-1 - USHA Publication 12 Class Part - 1", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Chapter No. 9 - Company Accounts (Issue of Debentures).
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
You can take our custom-built interactive practice quiz directly on this page to test your understanding of "Question 2 Chapter 9 of +2-Part-1 - USHA Publication 12 Class Part - 1" instantly.
