Question 2 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 2 Chapter 9 of +2-Part-1 - USHA Publication 12 Class Part - 1

Question 2 Chapter 9 of +2-Part-1

2. (Issue at Par) Godrej issued 11,000 12% Debentures of Rs. 100 each at par. Full amount was called up on application. Pass Journal entries.

The solution of Question 2 Chapter 9 of +2 Part-1: –

Journal
Date   Particulars
L.F. Debit Credit
A) Bank A/c Dr.   11,00,000  
  To 12% Debentures Application & Allotment A/ c       11,00,000
  (Being Full money received on application )      
         
B) 12% Debentures Application & Allotment A/ c Dr.   11,00,000  
  To 12% Debenture A/c     11,00,000
  (Being 11,000 debentures allotted )      

It all about Question 2 Chapter 9 of +2-Part-1, If you have any problem please comment below.

Issue of Debentures from the point of view of Redemption

You can also Check out the solved question of other Chapters: –

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

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