Question 5 Chapter 9 of +2-A - T.S. Grewal 12 Class

Question 5 Chapter 9 of +2-A

Table of Contents

The solution of Question 5 Chapter 9 of +2-A: –

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)

5.Raj Ltd . issued 5,000; 8% Debentures of ₹ 100 each at a premium of 5% payable as follows:₹ 10 on application ; ₹ 20 along with premium on allotment and balance on first and final call.
Pass necessary Journal entries.

The solution of Question 5 Chapter 9 of +2-A: –


Date	Particulars		L.F.	Debit	Credit
	Bank A/c	Dr		50,000
	To 8%Debenture application A/c				50,000
	(Being the application money received )
	8% Debenture application A/c	Dr		50,000
	To 8% Debenture A/c				50,000
	(Being application money transferred to equity share capital )
	8%Debenture allotment A/c	Dr		1,00,000
	To 8%Debebture A/c				75,000
	To Securities Premium A/c				25,000
	(Being the first call money due )
	Bank A/c	Dr		1,00,000
	To 8% Debenture Allotment A/c				1,00,000
	(Being allotment money received )
	8%Debenture First and final call A/c	Dr		3,75,000
	To 8% Debenture A/c				3,75,000
	(Being the first and final call money due )
	Bank A/c	Dr		3,75,000
	To 8%Debenture first and final call A/c				3,75,000
	(Being first and final call money received )