The Total solution for NCERT class 6-12
Books of X. Ltd.
┬а
Journal
Date
Particulars
L.F.
Debit
Amount
тВ╣
Credit
Bank A/c
Dr.
2,70,000
To 14% Debenture Application A/c
(14% Debenture application money for 13,500 debentures
@ 20 each received)
14% Debenture Application A/c
To 14% Debenture A/c
2,00,000
To 14% Debenture Allotment A/c
60,000
To Bank
10,000
(14% Debenture Application money of 10,000 @ тВ╣ 20 each
transferred to 14% Debentures Account and 500 debentures
were rejected and returned and rest of the amount adjusted
on allotment)
14% Debenture Allotment A/c
6,00,000
(14% Debenture Allotment money due on 10,000 debentures @
тВ╣ 60 each)
5,40,000
(14% Debenture Allotment money received)
14% Debenture First and Final Call A/c
(14% Debenture First and Final Call money due on 10,000
debentures @ 20 each)
To 14% Debenture First and Final Call A/c
(14% Debenture First and Final Call money received on 10,000
debentures @ тВ╣ 20 each)