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Question 2 Chapter 9 of Class 12 Part – 2 – 2024
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.
We are providing a solution of this question 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 1 to 4 Chapter no. 9 class 12 of Usha publication. To check the direct solution of question no. 2 from the following video by using time stamps of the video.
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 ) | |||||
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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