Question 13 Chapter 9 of +2-A – T.S. Grewal 12 Class

Question 13 Chapter 9 of +2-A

Question 13 Chapter 9 of +2-A

13. Joy Ltd. company bought a Building for ​₹  9,00,000 and the consideration was paid by issuing 10% Debentures of the normal (face) value of ​₹ 100 each at a discount of 10%.
Give Journal entries.

The solution of Question 13 Chapter 9 of +2-A: – 

         
Date Particulars
L.F. Debit Credit
   Building A/c Dr   9,00,000  
  To Vendor A/c       9,00,000
  (Being asset purchased )        
  Vendor A/c Dr   8,10,000  
  Discount on Issue of Debenture A/c Dr   90,000  
  To 6%Debenture A/c       9,00,000
  (Being Debenture issued on discount)        

 


Please Like and share with your friends  

Comment if you have any question.

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)

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

2 Book 2 min - Question 13 Chapter 9 of +2-A - T.S. Grewal 12 Class

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.