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

Question 6 Chapter 9 of +2-A

Table of Contents

The solution of Question 6 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)

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