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)

  • Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
  • Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
  • Chapter No. 3 – Goodwill: Nature and Valuation
  • Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
  • Chapter No. 5 – Admission of a Partner
  • Chapter No. 6 – Retirement/Death of a Partner
  • Chapter No. 7 – Dissolution of a Partnership Firm

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)

  • Chapter No. 1 – Financial Statements of a Company
  • Chapter No. 2 – Financial Statement Analysis 
  • Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
  • Chapter No. 4 – Accounting Ratios
  • Chapter No. 5 – Cash Flow Statement

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

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