The Total solution for NCERT class 6-12
┬а
Book of G. Ltd.
Journal
Date
Particulars
L.F.
Debit
Amount
тВ╣
Credit
Bank A/c
Dr.
11,25,00,000
To 6% Debenture Application A/c
(Application money @ тВ╣ 15 each received for 75,00,000 debentures)
6% Debenture Application A/c
To 6% Debenture A/c
(Application money of 75,00,000 debentures transferred to 6% Debentures Account)
6% Debenture Allotment A/c
26,25,00,000
(Allotment money @ тВ╣ 35 each due for 75,00,000 debentures )
To 6% Debenture Allotment A/c
(Allotment money received @ тВ╣ 35 each on 75,00,000 debentures)