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

Question 12 Chapter 9 of +2-A
Question No12 - Chapter No.9 - T.S. Grewal +2 Book 2019-Solution

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Question 12 Chapter 9 of +2-A

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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: – 

     
DateParticulars
L.F.DebitCredit
  Incorporation Cost A/cDr 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)

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

+2 Book 2-min

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