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प्रश्न
X Ltd . issued 12,000; 8% Debentures of ₹ 100 each at a discount of 5% payable as 25% on application;20% on allotment and balance after three months.
Pass Journal entries.
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उत्तर
Face Value of Debenture = Rs 100
Discount (Rs 100 × 5%) = Rs 5
∴ Issue Price = Rs 95
Amount Payable as:
|
On Application (25%) |
Rs 25 per debenture |
|
On Allotment (20%) |
Rs 20 (25 – 5) per debenture |
|
On First and Final Call (50%) |
Rs 50 per debenture |
Journal
|
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
|
|
Bank A/c |
Dr. |
|
3,00,000 |
|
|
|
To 8% Debenture Application A/c |
|
|
3,00,000 |
|
|
|
(Application money received for 12,000 8% Debentures at Rs 25 each) |
|
|
|
|
|
|
|
|
|
|
|
|
|
8% Debenture Application A/c |
Dr. |
|
3,00,000 |
|
|
|
To 8% Debentures A/c |
|
|
3,00,000 |
|
|
|
(Debenture application money transferred to 8% Debentures account) |
|
|
|
|
|
|
|
|
|
|
|
|
|
8% Debentures Allotment A/c |
Dr. |
|
2,40,000 |
|
|
|
Discount on Issue of Debentures A/c |
Dr. |
|
60,000 |
|
|
|
To 8% Debentures A/c |
|
|
3,00,000 |
|
|
|
(Allotment money due on 12,000 8% Debentures at Rs 20 each at discount of Rs 5) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Bank A/c |
Dr. |
|
2,40,000 |
|
|
|
To 8% Debenture Allotment A/c |
|
|
2,40,000 |
|
|
|
(Allotment money received) |
|
|
|
|
|
|
|
|
|
|
|
|
|
8% Debenture First and Final Call A/c |
Dr. |
|
6,00,000 |
|
|
|
To 8% Debentures A/c |
|
|
6,00,000 |
|
|
|
(First and final call money due on 12,000 8% Debentures at Rs 50 each) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Bank A/c |
Dr. |
|
6,00,000 |
|
|
|
To 8% Debentures First and Final Call A/c |
|
|
6,00,000 |
|
|
|
(First and Final call money received) |
|
|
|
|
APPEARS IN
संबंधित प्रश्न
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