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Showing posts with the label Company Accounting - Issue of Debentures

iPhone 16 Series All Details & Leaks Are Here! AI, New Button, Big Display...

Unlocking the Secrets: iPhone 16 Series Revealed! AI, New Buttons, and Big Displays Unveiled! Are you eagerly awaiting the next big release from Apple? Brace yourself for the iPhone 16 series, where innovation meets anticipation. In this article, we'll delve into all the exciting details and leaks surrounding this highly anticipated release. AI Integration  One of the most buzzed-about features of the iPhone 16 series is its enhanced AI capabilities. With advanced algorithms and machine learning, these phones promise to deliver a smarter, more intuitive user experience. From personalized recommendations to seamless voice commands, get ready to interact with your device like never before. New Button Dynamics Say goodbye to the conventional button layout! The iPhone 16 series is rumored to introduce a new button configuration that enhances functionality and usability. With the addition of an action button, users can expect quicker access to their favorite features and applications, m

Ts grewal practical problems of Company Accounting - Issue of Debentures (2023-2024)

 Company Accounting - Issue of Debentures  Ts grewal solution   volume-2 (2023-2024):part-1 Question 1: JS Ltd. issued 2,000; 9% Debentures of ` 100 each payable as follows: ` 25 on application; ` 25 on allotment and ` 50 on first and final call. Applications were received for all the debentures along with the application money did allotment was made. Call money was also received on the due date. Pass necessary Journal entries in the books of the company.   Answer: Books of JS Ltd. Journal Date Particulars   L.F. Debit ` Credit `   Bank A/c Dr.   50,000     To 9% Debenture Application A/c     50,000   (Debenture application money received for 2,000 debentures at ` 25 each)                   9% Debenture Application A/c Dr.   50,000     To 9% Debenture A/c     50,000   (Debenture application money transferred to 9% Debentures A/c)                   9% Debenture Allotment A/c Dr.   50,000     To 9% Debentures A/c     50,000   (Debenture allotment money due on 2,000 Debentures at `