[DK Goyal] Q 1 Issue of Debenture Solution CBSE (2022-23)

Share your love

Are you looking for the solutions of Question number 1 Issue of Debentures Dk Goyal Class 12 CBSE 2022-23

I have solved all unsolved practical problems of Issue of debentures chapter of class 12 DK Goyal CBSE 2022-23

DK Goyal Question number 1 Issue of Debentures solutions class 12 CBSE (2022-23)

Question – 1

X Ltd. issued 2,000, 15% debentures of ₹100 each at par, payable as follows: ₹ 25 on Application; ₹ 25 on Allotment, and ₹ 50 on First and Final Call.

Applications were received for 3,000 debentures. Applications for 1,600 debentures were accepted in full. Applications for 600 debentures were allotted 400 debentures and the rest were rejected. All money due was received except the final call on 100 debentures.

Pass necessary journal entries.

Solution:-

Share your love
Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

Articles: 3473

Leave a Reply

Your email address will not be published. Required fields are marked *

close

Ad Blocker Detected!

Our Website is made possible by displaying online advertisements to our visitors. Please consider supporting us and remove the AD - Blocker to read this article.

Refresh

error: Content is protected !!