Question 8 Chapter 9 of +2-A - T.S. Grewal 12 Class

Question 8 Chapter 9 of +2-A

Table of Contents

The solution of Question 8 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)

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

The solution of Question 8 Chapter 9 of +2-A: –


Date	Particulars		L.F.	Debit	Credit
	Bank A/c	Dr		22,95,000
	To 12%Debenture application A/c				22,95,000
	(Being the application money received )
	12%Debenture application A/c	Dr		22,95,000
	To 12% Debenture A/c				10,00,000
	To Securities Premium Reserve A/c				7,00,000
	To Bank A/c				5,95,500
	(Being application money transferred to equity share capital )