Question 46 Chapter 9 of +2-A - T.S. Grewal 12 Class

Question 46 Chapter 9 of +2-A

46. Global Ltd. issued 10,000, 8% Debentures of 􀀀 100 each redeemable in four equal instalments by draw of lots from the end of 3 years at a premium of 􀀀 9.
Pass the Journal entries for writing off the Loss on Issue of Debentures. Also, prepare Loss on the issue of Debentures Account.

The solution of Question 46 Chapter 9 of +2-A: - 

 

Date	Particulars		L.F.	Debit	Credit
	Statement of Profit & Loss A/c	Dr		90,000
	To Loss on the issue of Debenture A/c				90,000
	(Being issue of debenture written off )

 

 

	Loss on the issue of Debenture A/c
Date	Particulars	J.F.	Amount	Date	Particulars		J.F.	Amount
	To 8% Debenture a/c		24,00,000		To equity share allotment a/c			90,000
			90,000					90,000

 

 

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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

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