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Question 46 Chapter 9 of +2-A – T.S. Grewal 12 Class

Question 46 Chapter 9 of +2-A
Question No46 - Chapter No.9 - T.S. Grewal +2 Book 2019-Solution

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Question 46 Chapter 9 of +2-A

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46. Global Ltd. issued 10,000, 8% Debentures of 􀀀 100 each redeemable in four equal instalments by draw of lots from the end of 3 years at a premium of 􀀀 9.
Pass the Journal entries for writing off the Loss on Issue of Debentures. Also, prepare Loss on the issue of Debentures Account.

The solution of Question 46 Chapter 9 of +2-A: – 

 

DateParticulars
L.F.DebitCredit
 Statement of Profit & Loss A/cDr 90,000 
 To Loss on the issue of Debenture A/c   90,000
 (Being issue of debenture written off )    

 

 

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 Loss on the issue of Debenture A/c
Date
Particulars
J.F.
AmountDate
Particulars
J.F.Amount
 To 8% Debenture a/c 24,00,000 To equity share allotment a/c 90,000
   90,000    90,000

 

 


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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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