Question 32 Chapter 9 of +2-A – T.S. Grewal 12 Class

Question 32 Chapter 9 of +2-A

Question 32 Chapter 9 of +2-A

32. Journalise the following:
(a)A debenture issued at Rs 95, repayable at Rs 100.
(b)A debenture issued at Rs 95, repayable at Rs 105.
(c)A debenture issued at Rs 95, repayable at Rs 105.
The face value of debenture is Rs100 in each of the above cases..

The solution of Question 32 Chapter 9 of +2-A: – 

 

Date Particulars
L.F. Debit Credit
  Bank A/c Dr   95  
  To Debenture Application/c       95
  (Being Debenture application Received )        
  Debenture application A/c Dr   90  
  Discount on issue of Debenture A/c Dr   5  
  To Debenture Application/c       95
  (Being Debenture application Received )        

 

 

Date Particulars
L.F. Debit Credit
  Bank A/c Dr    95  
  To Debenture Application/c       95
  (Being Debenture application Received )        
  Debenture application A/c Dr   95  
  Discount on issue of Debenture A/c Dr   5  
  Loss on the issue of Debenture A/c Dr   5  
  To Debenture Application/c       100
  To Premium on Redemption/c       5
  (Being Debenture issued )        

 

Date Particulars
L.F. Debit Credit
  Bank A/c Dr    95  
  To Debenture Application/c       95
  (Being Debenture application Received )        
  Debenture application A/c Dr   100  
  Loss on the issue of Debenture A/c Dr   5  
  To Debenture Application/c       100
  To Premium on Redemption/c       5
  (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)

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2 Book 2 min - Question 32 Chapter 9 of +2-A - T.S. Grewal 12 Class

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