Loading Tutorstips...
✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Advertisement
Advertisement
Advertisement
Advertisement
Question No 1 Chapter 2 - UNIMAX Class 12 Part 2 - 2021
X Ltd. issued 1,200, 12% debentures of ₹ 100 each payable at ₹ 40 per debenture on application and ₹ 60 per debenture on allotment 1,000 debentures were subscribed for and all money as duly received. Pass the necessary journal entries.
| Date | Particulars |
L.F. | Debit | Credit | |
|---|---|---|---|---|---|
| Bank A/c | Dr. | 40,000 | |||
| To Debenture application A/c | 40,000 | ||||
| (Being receipt of application debenture received @ ₹ 40 each) | |||||
| Debenture Application A/c | Dr. | 40,000 | |||
| To Debenture A/c | 40,000 | ||||
| (Being debenture application money transferred to 12% debenture a/c) | |||||
| Debenture Allotment A/c | Dr. | 60,000 | |||
| To Debentures A/c | 60,000 | ||||
| (Being allotment money due on 1000 debenture @ ₹ 60 each) | |||||
| Bank A/c | Dr. | 60,000 | |||
| To Debenture allotment A/c | 60,000 | ||||
| (Being allotment money received on 1000 debenture @ ₹ 60 per shares) | |||||
Thanks, Please Like and share with your friends
Comment if you have any Doubts.
https://tutorstips.com/share-capital-meaning-types-and-classes/
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
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 no 1 Chapter 2 - UNIMAX Class 12 Part 2 - 2021", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Unimax Publication Class 12 Part 2 - 2021.
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 no 1 Chapter 2 - UNIMAX Class 12 Part 2 - 2021" instantly.
