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Question 31 Chapter 9 of +2-A – T.S. Grewal 12 Class

Question 31 Chapter 9 of +2-A
Question No31 - Chapter No.9 - T.S. Grewal +2 Book 2019-Solution

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Question 31 Chapter 9 of +2-A

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31. Grown Ltd. issued 500, 10% Debentures of 􀀀 1,000 each credited as fully paid-up to the promoters for their services to incorporate the company. It also issued 100, 10% Debentures of 􀀀 1,000 each credited as fully paid-up to the underwriters towards their commission. Pass the Journal entries.

The solution of Question 31 Chapter 9 of +2-A: – 

 

DateParticulars
L.F.DebitCredit
 Bank A/cDr 5,00,000 
 To Bank loan A/c   5,00,000
 (Being a bank loan taken from state bank of india@10%Debenture )    

 

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DateParticulars
L.F.DebitCredit
 Bank A/cDr  3,00,000 
 To Bank loan A/c   3,00,000
 (Being a bank loan taken from state bank of india@10%Debenture )    
 Debenture Suspense A/cDr 7,50,000 
 To 10% Debenture A/c   7,50,000
 (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

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