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Question 37 Chapter 9 of +2-A – T.S. Grewal 12 Class

Question 37 Chapter 9 of +2-A
Question No37 - Chapter No.9 - T.S. Grewal +2 Book 2019-Solution

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Question 37 Chapter 9 of +2-A

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37. Journalise the following transaction at the time of issue of 12% Debentures: Nandan Ltd. Issued Rs 90,000, 12% Debentures of Rs 100 each at a discount of 5% redeemable at 110%.

The solution of Question 37 Chapter 9 of +2-A: – 

(a)

DateParticulars
L.F.DebitCredit
 Bank A/cDr 85,500 
 To Debenture Application and Allotment A/c   85,500
 (Being Debenture application and allotments Received )    
 Debenture application and allotment A/cDr 85,500 
 To 10%Debenture A/c   90,000
 To Premium on Redemption of Debenture A/c   9,000
 (Being Debenture application and allotment money transferred to Debenture A/C )    

 

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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

+2 Book 2-min

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