Q. 2 DK Goel Issue of Debentures Solutions Class 12 CBSE (2024-25)

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Here are the solution of question number 2 of Issue of debentures chapter 7 of DK Goel Class 12 CBSE (2024-25).

Balaji Ltd. issued 10,000, 13% Debentures of ₹ 100 each, payable as follows:

₹ 20 on application, ₹ 30 on allotment and ₹ 50 on first and final call.

All the debentures were applied. Ajay, the holder of 300 debentures paid the entire amount on his holding on allotment whereas Vijay, the holder of 200 debentures failed to pay the allotment and final call. Pass entries.

[Ans. Cash at Bank ₹ 9,84,000]

Solution:-

Here are the solutions of Issue of debentures chapter 7 of DK Goel Class 12 CBSE (2024-25)

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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 for free lectures

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