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

Question 3 Chapter 9 of +2-A

Question 3 Chapter 9 of +2-A

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 )        

 


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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)

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