Question 14 Chapter 9 of +2-A - T.S. Grewal 12 Class

Question 14 Chapter 9 of +2-A

Table of Contents

The solution of Question 14 Chapter 9 of +2-A: –

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)

14. Wye Ltd . purchased an established business for ₹ 2,00,000 payable as ₹ 65,000 by cheque and the balance by issuing 9% Debentures of ₹ 100 each at a discount of 10%.
Give journal entries in the books of Wye Ltd.

The solution of Question 14 Chapter 9 of +2-A: –


Date	Particulars		L.F.	Debit	Credit
	Sundry assets A/c	Dr		9,00,000
	To Vendor A/c				9,00,000
	(Being asset purchased )
	Vendor A/c	Dr		9,00,000
	To Bank A/c				9,00,000
	(Being the amount paid to the vendor in cash)
	Vendor A/c	Dr		1,35,000
	Discount on Issue of Debenture A/c	Dr		15,000
	To 6%Debenture A/c				1,50,000
	(Being Debenture Issued)