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

Question 14 Chapter 9 of +2-A
Question No14 - Chapter No.9 - T.S. Grewal +2 Book 2019-Solution

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Question 14 Chapter 9 of +2-A

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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: – 

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

 


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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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