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Question 4 Chapter 9 of +2-A – T.S. Grewal 12 Class

Question 4 Chapter 9 of +2-A
Question No.4 - Chapter No.9 - T.S. Grewal +2 Book 2019-Solution

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Question 4 Chapter 9 of +2-A

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4. Narain Laxmi Ltd. Invited application for issuing applications for issuing 7,500 12%Debenture of Rs 100 each.at a premium of Rs 35 per debenture. The full amount was payable on application. The application was received for 10,000 debenture. Allotment as made to all the application on pro-rata basis.
Pass necessary journal entries for the above transactions in the books of Narain Laxmi ltd.

The solution of Question 4 Chapter 9 of +2-A: – 

     
DateParticulars
L.F.DebitCredit
  Bank A/cDr 13,50,000 
 To 9%Debenture application A/c   13,50,000
 (Being the application money received )    
  9% Debenture application A/cDr 13,50,000 
 To 9% Debenture A/c   7,50,000
 To securities Premium A/c   2,62,500
 To Bank A/c   3,37,500
 (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)

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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