Question 3 Chapter 9 of +2-A - T.S. Grewal 12 Class

Question 3 Chapter 9 of +2-A

Table of Contents

The solution of Question 3 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)

3.ABC ltd. Issued. 40,000; 10% debenture of Rs 100 each at par cash payable in full along with application were received for 60,000 debenture were allotted and excess application money was refunded. Pass journal entries in the books of the company.

The solution of Question 3 Chapter 9 of +2-A: –


Date	Particulars		L.F.	Debit	Credit
	Bank A/c	Dr		6,00,000
	To 9%Debenture application A/c				6,00,000
	(Being the application money received )
	9% Debenture application A/c	Dr		6,00,000
	To 9% Debenture A/c				4,00,000
	To Bank A/c				2,00,000
	(Being application money transferred to equity share capital )