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प्रश्न
Nikki Ltd. issued 10,000, 7% Debentures of ₹ 100 each at premium of ₹ 20 per debenture. Issue price was payable as follows: ₹ 40 on application, ₹ 50 (including premium) on allotment and balance on first and final call. It received ₹ 4,00,000 as application money. On allotment due amount was received. First and final call is yet to be made.
You are required to pass the necessary Journal entries.
रोजकीर्द नोंद
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उत्तर
| Journal Entries In the Books of Nikki Ltd. |
||||
|---|---|---|---|---|
| Date | Particulars | L.F. | Dr. (₹) | Cr. (₹) |
| 1. | Bank A/c ...Dr. | 4,00,000 | ||
| To Debentures Application A/c | 4,00,000 | |||
| (Application money received on 10,000 debentures) | ||||
| 2. | Debentures Application A/c ...Dr. | 4,00,000 | ||
| To 7% Debentures A/c | 4,00,000 | |||
| (Application money transferred to Debentures A/c) | ||||
| 3. | Debentures Allotment A/c ...Dr. | 5,00,000 | ||
| To 7% Debentures A/c | 3,00,000 | |||
| To Securities Premium A/c | 2,00,000 | |||
| (Allotment money due @ ₹ 50 per debenture, including premium of ₹ 20) | ||||
| 4. | Bank A/c ...Dr. | 5,00,000 | ||
| To Debentures Allotment A/c | 5,00,000 | |||
| (Allotment money received) | ||||
Working Notes:
Face value of debentures:
10,000 × ₹ 100 = ₹10,00,000
Premium:
10,000 × ₹ 20 = ₹ 2,00,000
Application Money:
10,000 × ₹ 40 = ₹ 4,00,000
Allotment Money: ₹ 50 per debenture, including premium of ₹ 20
10,000 × ₹ 50 = ₹ 5,00,000
Out of ₹ 50:
₹ 30 towards Debentures + ₹ 20 Premium
First and Final Call:
₹ 100 − ₹ 40 − ₹ 30 = ₹ 30 per debenture
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