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

Question 5 Chapter 9 of +2-A
Question No.5 - Chapter No.9 - T.S. Grewal +2 Book 2019-Solution

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Question 5 Chapter 9 of +2-A

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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: – 

     
DateParticulars
L.F.DebitCredit
  Bank A/cDr 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/cDr 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/cDr 1,00,000 
 To 8% Debenture Allotment A/c   1,00,000
 (Being allotment money received  )    
 8%Debenture First and final call A/cDr 3,75,000 
 To 8% Debenture A/c   3,75,000
 (Being the first and final call money due )    
 Bank A/cDr 3,75,000 
 To 8%Debenture first and final call A/c   3,75,000
 (Being first and final call money received )    

 


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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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