problem of issue of debentures @ premium - Accountancy - Accounting for Debentures

Question

problem of issue of debentures @ premium

Sirjan Arneja · Accepted Answer

Dear Student,

Date
Particulars
LF
Dr
Cr

Bank A/c Dr
To Debenture Application A/c
(Being 10,000 6% debentures issued)

200000

Debenture Application A/c Dr
To 6% Debenture A/c
(Being amount received on application adjusted)

200000

Debenture Allotment A/c Dr
To 6% Debenture A/c
To SPR A/c
(Being allotment money called for)

400000

300000
100000

Bank A/c Dr
To Debenture Allotment A/c
(Being allotment money received)

400000

Debenture First and final call A/c Dr
To 6% Debenture A/c
(Being first and final call made)

500000

Regards

Date	Particulars	LF	Dr.	Cr.
	Bank A/c Dr. To Debenture Application A/c (Being 10,000 6% debentures issued)		200000	200000
	Debenture Application A/c Dr. To 6% Debenture A/c (Being amount received on application adjusted)		200000	200000
	Debenture Allotment A/c Dr. To 6% Debenture A/c To SPR A/c (Being allotment money called for)		400000	300000 100000
	Bank A/c Dr. To Debenture Allotment A/c (Being allotment money received)		400000	400000
	Debenture First and final call A/c Dr. To 6% Debenture A/c (Being first and final call made)		500000	500000