The Total solution for NCERT class 6-12
Books of A. Ltd.
Journal
Date
Particulars
L.F.
Debit
Amount
₹
Credit
Bank A/c
Dr.
1,00,000
To 10% Debentures Application A/c
(Application money received for 10,000, 10% Debenture Application @ ₹ 10 each)
10% Debentures Application A/c
To 10% Debenture A/c
(Application money @ ₹ 10 each transferred to
10% Debenture Account)
10% Debenture Allotment A/c
2,50,000
To 10% Debentures A/c
2,00,000
To Securities Premium A/c
50,000
(Allotment due @ ₹ 25 each including premium ₹ 5 on
10,000, 10% Debentures)
To 10% Debenture Allotment A/c
(Allotment money received on allotment @ ₹ 25 each for
10,000 10% Debentures)
10% Debenture First and Final Call A/c
7,00,000
(First and Final Call @ ₹ 70 each on 10,000
10% Debentures due)
To 10% Debenture First and Final Call A/c
(Debenture First and Final Call received @ ₹ 70 each for