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)

  • Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
  • Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
  • Chapter No. 3 – Goodwill: Nature and Valuation
  • Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
  • Chapter No. 5 – Admission of a Partner
  • Chapter No. 6 – Retirement/Death of a Partner
  • Chapter No. 7 – Dissolution of a Partnership Firm

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)

  • Chapter No. 1 – Financial Statements of a Company
  • Chapter No. 2 – Financial Statement Analysis 
  • Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
  • Chapter No. 4 – Accounting Ratios
  • Chapter No. 5 – Cash Flow Statement

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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