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

Question 12 Chapter 9 of +2-A

Question 12 Chapter 9 of +2-A

12. Amrit Ltd . was promoted by Amrit and Bhaskar with an authorised capital of ​₹  10,00,000 divide into 1,00,000 shares of ​₹  10 each.
The company decided to issue 1,000,6% Debentures of ​₹  100 each to Amrit and Bhaskar each for their services in incorporating the company.
Pass journal entry.

The solution of Question 12 Chapter 9 of +2-A: – 

         
Date Particulars
L.F. Debit Credit
   Incorporation Cost A/c Dr   2,00,000  
  To 6%Debenture A/c       2,00,000
  (Being asset purchased )        

 


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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)

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

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

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