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

Question 37 Chapter 9 of +2-A

Question 37 Chapter 9 of +2-A

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)

Date Particulars
L.F. Debit Credit
  Bank A/c Dr   85,500  
  To Debenture Application and Allotment A/c       85,500
  (Being Debenture application and allotments Received )        
  Debenture application and allotment A/c Dr   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)

  • 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

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

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