Question 6 Chapter 9 of +2-A – T.S. Grewal 12 Class

Question 6 Chapter 9 of +2-A

Question 6 Chapter 9 of +2-A

6. Nipa Limited issued ₹ 10,00,000 Debentures of ₹ 100 each at a premium of 10%, payable 25% on application (including premium) and the balance on the allotment. The debentures were applied for and the amount was duly received.
You are required to give Journal entries and prepare Cash Book.

The solution of Question 6 Chapter 9 of +2-A: – 

         
Date Particulars
L.F. Debit Credit
   Bank A/c Dr   2,50,000  
  To 8%Debenture application A/c       1,50,000
  To Security premium A/c       1,00,000
  (Being the application money received )        
   8%Debenture allotment A/c Dr   8,50,000  
  To 8%Debebture A/c       8,50,000
  (Being the first call money due )        

 

Dr. Output IGST A/c
Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
  To Debenture application a/c            
  To Debenture allotment a/c            
          By Balance C/d   11,00,000
      11,00,000       11,00,000

 


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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

2 Book 2 min - Question 6 Chapter 9 of +2-A - T.S. Grewal 12 Class

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