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

Question 8 Chapter 9 of +2-A
Question No 8 - Chapter No.9 - T.S. Grewal +2 Book 2019-Solution

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Question 8 Chapter 9 of +2-A

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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: – 

     
DateParticulars
L.F.DebitCredit
  Bank A/cDr 22,95,000 
 To 12%Debenture application A/c   22,95,000
 (Being the application money received )    
 12%Debenture application A/cDr 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 )    

 


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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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