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