Question 32 Chapter 9 of +2-A - T.S. Grewal 12 Class

Question 32 Chapter 9 of +2-A

32. Journalise the following:
(a)A debenture issued at Rs 95, repayable at Rs 100.
(b)A debenture issued at Rs 95, repayable at Rs 105.
(c)A debenture issued at Rs 95, repayable at Rs 105.
The face value of debenture is Rs100 in each of the above cases..

The solution of Question 32 Chapter 9 of +2-A: - 

 

Date	Particulars		L.F.	Debit	Credit
	Bank A/c	Dr		95
	To Debenture Application/c				95
	(Being Debenture application Received )
	Debenture application A/c	Dr		90
	Discount on issue of Debenture A/c	Dr		5
	To Debenture Application/c				95
	(Being Debenture application Received )

 

 

Date	Particulars		L.F.	Debit	Credit
	Bank A/c	Dr		95
	To Debenture Application/c				95
	(Being Debenture application Received )
	Debenture application A/c	Dr		95
	Discount on issue of Debenture A/c	Dr		5
	Loss on the issue of Debenture A/c	Dr		5
	To Debenture Application/c				100
	To Premium on Redemption/c				5
	(Being Debenture issued )

 

Date	Particulars		L.F.	Debit	Credit
	Bank A/c	Dr		95
	To Debenture Application/c				95
	(Being Debenture application Received )
	Debenture application A/c	Dr		100
	Loss on the issue of Debenture A/c	Dr		5
	To Debenture Application/c				100
	To Premium on Redemption/c				5
	(Being Debenture issued )

 

 

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Also, Check out the solved question of previous Chapters: -

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

• Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
• Chapter No. 2 - Accounting for Partnership Firms - Fundamentals
• Chapter No. 3 - Goodwill: Nature and Valuation
• Chapter No. 4 - Change in Profit-Sharing Ratio Among the Existing Partners
• Chapter No. 5 - Admission of a Partner
• Chapter No. 6 - Retirement/Death of a Partner
• Chapter No. 7 - Dissolution of a Partnership Firm

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

• Chapter No. 8 - Company Accounts -  Accounting for Share Capital
• Chapter No. 9 - Company Accounts - Issue of Debentures
• Chapter No. 10 - Redemption of Debentures

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

• Chapter No. 1 - Financial Statements of a Company
• Chapter No. 2 - Financial Statement Analysis 
• Chapter No. 3 - Tools of Financial Statement Analysis - Comparative Statements and Common- Size Statements
• Chapter No. 4 - Accounting Ratios
• Chapter No. 5 - Cash Flow Statement

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication