T S Grewal Solutions 2026-27 [Class 12] – Issue of Debentures– Q 01 to 10

Solution for Q 01 to 10 of Chapter 2 of Book 2 - Accounting for Companies of T S Grewal Class 12 Accountancy 2026-27 are given below. The Chapter name is Issue of Debentures class 12. These Solutions are based on topics issue of debentures at par for cash, issue of debentures at premium for cash

Working notes are given with each solution. These help in understanding the steps and are also important for board exams as marks are given for steps.

These solutions are also useful for CA Foundation, CS Foundation and CMA Foundation students. The solutions will be helpful for students as well as teachers teaching class 12 accounts.

Question 1

Journal of Zoltas Ltd

Date	Particulars	Dr Amt	Cr Amt	Deb.(Nos)	Per Deb

	Bank A/c Dr..	6000000
	To Debenture Application and Allotment A/c		6000000	60000	100
	( Being Debenture application money received for 60000
	debentures @ Rs 100 per Debenture)

	Debenture Application and AllotmentA/c Dr..	6000000
	To 10% Debenture A/c		4000000	40000	100
	To Bank A/c		2000000	20000	100
	(Being application money transferred to 10% Debentures A/c
	and excess money refunded)

▶ Video Solution: Coming Soon

Question 2

Journal of Parley Ltd

Date	Particulars	Dr Amt	Cr Amt	Deb.(Nos)	Per Deb

	Bank A/c Dr..	50000
	To Debenture Application A/c		50000	2000	25
	( Being Debenture application money received for 2000
	debentures @ Rs 25 per Debenture)

	Debenture Application A/c Dr..	50000		2000
	To 9% Debenture A/c		50000		25
	(Being application money transferred to 9% Debentures A/c)

	Debenture Allotment A/c Dr..	50000		2000
	To 9% Debenture A/c		50000		25

	( Being Debenture allotment money for 2000 debentures
	transferred to Debentures A/c @ Rs 25 per Debenture)

	Bank A/c Dr..	50000		2000
	To Debenture Allotment A/c		50000		25
	( Being debenture allotment money received for 2000
	debentures @ Rs 25 per debenture )

	Debenture First and Final Call A/c Dr..	100000		2000
	To 9% Debenture A/c		100000		50

	( Being Debenture first and final money for 2000 debentures
	transferred to Debentures A/c @ Rs 50 per Debenture)

	Bank A/c Dr..	100000		2000
	To Debenture First and Final Call A/c		100000		50
	( Being debenture first and final call money received for
	2000 debentures @ Rs 50 per debenture )

▶ Video Solution: Coming Soon

Question 3

Journal of Sangam Ltd

Date	Particulars	Dr Amt	Cr Amt	Deb.(Nos)	Per Deb

	Bank A/c Dr..	480000
	To Debenture Application A/c		480000	24000	20
	( Being Debenture application money received for 24000
	debentures @ Rs 20 per Debenture)

	Debenture Application A/c Dr..	480000
	To 9% Debenture A/c		400000	20000	20
	To Debenture Allotment A/c		40000	2000	20
	To Bank A/c		40000	2000	20
	(Being application money transferred to 9% Debentures A/c
	and excess money refunded)

	Debenture Allotment A/c Dr..	400000		20000
	To 9% Debenture A/c		400000		20

	( Being Debenture allotment money for 20000 debentures
	transferred to Debentures A/c @ Rs 20 per Debenture)

	Bank A/c Dr..	360000		18000
	To Debenture Allotment A/c		360000		20
	( Being debenture allotment money received for 18000
	debentures @ Rs 20 per debenture )

	Debenture First Call A/c Dr..	600000		20000
	To 9% Debenture A/c		600000		30

	( Being Debenture first call money for 20000 debentures
	transferred to Debentures A/c @ Rs 30 per Debenture)

	Bank A/c Dr..	600000		20000
	To Debenture First Call A/c		600000		30
	( Being debenture first call money received for 20000
	debentures @ Rs 30 per debenture )

	Debenture Second and Final Call A/c Dr..	600000		20000
	To 9% Debenture A/c		600000		30

	( Being Debenture second and final call money for 20000
	debentures transferred to Debentures A/c @ Rs 30 per
	Debenture)

	Bank A/c Dr..	600000		20000
	To Debenture Second and Final A/c		600000		30
	( Being debenture second and final call money received for
	20000 debentures @ Rs 30 per debenture )

▶ Video Solution: Coming Soon

Question 4

Journal of Super Seals Ltd

Date	Particulars	Dr Amt	Cr Amt	Deb.(Nos)	Per Deb

	Bank A/c Dr..	400000
	To Debenture Application A/c		400000	10000	40
	( Being Debenture application money received for 10000
	debentures @ Rs 40 per Debenture)

	Debenture Application A/c Dr..	400000
	To 8% Debenture A/c		400000	10000	40
	(Being application money transferred to 8% Debentures A/c)

	Debenture Allotment A/c Dr..	300000		10000
	To 8% Debenture A/c		300000		30

	( Being Debenture allotment money for 10000 debentures
	transferred to Debentures A/c @ Rs 30 per Debenture)

	Bank A/c Dr..	300000		10000
	To Debenture Allotment A/c		300000		30
	( Being debenture allotment money received for 10000
	debentures @ Rs 30 per debenture )

▶ Video Solution: Coming Soon

Question 5

Journal of Narain Laxmi Ltd

Date	Particulars	Dr Amt	Cr Amt	Deb.(Nos)	Per Deb

	Bank A/c Dr..	1012500
	To Debenture Application and Allotment A/c		1012500	7500	135
	( Being Debenture application money received for 7500
	debentures @ Rs 135 per Debenture)

	Debenture Application and AllotmentA/c Dr..	1012500
	To 12% Debenture A/c		750000	7500	100
	To Securities Premium Reserve A/c		262500	7500	35
	(Being application money transferred to 12% Debentures A/c)

▶ Video Solution: Coming Soon

Question 6

Journal of Nipa Ltd

Date	Particulars	Dr Amt	Cr Amt	Deb.(Nos)	Per Deb
	Bank A/c Dr..	300000
	To Debenture Application A/c		300000	10000	30
	( Being Debenture application money received for 10000
	debentures @ Rs 30 per Debenture)

	Debenture Application A/c Dr..	300000		10000
	To Debenture A/c		200000		20
	To Securities Premium Reserve A/c		100000		10
	( Being debenture application money received for 10000
	debentures transferred to Debenture A/c @ Rs 20 per debenture
	and Securities Premium Reserve A/c @ Rs 10 per debenture)

	Debenture Allotment A/c Dr..	800000		10000
	To Debenture A/c		800000		80

	( Being Debenture allotment money for 10000 debentures
	transferred to Debentures A/c @ Rs 80 per Debenture)

	Bank A/c Dr..	800000		10000
	To Debenture Allotment A/c		800000		80
	( Being debenture allotment money received for 10000
	debentures @ Rs 80 per debenture )

Cash A/c
Date	Particulars	Amount	Date	Particulars	Amount
	To Debenture Application	30000		By Balance C/d	110000
	To Debenture Allotment	80000



	Total	110000		Total	110000

▶ Video Solution: Coming Soon

Question 7

Journal of GT Ltd

Date	Particulars	Dr Amt	Cr Amt	Deb.(Nos)	Per Deb

	Bank A/c Dr..	50000
	To 8% Debenture Application A/c		50000	5000	10
	( Being Debenture application money received for 5000
	debentures @ Rs 10 per Debenture)

	Debenture Application A/c Dr..	50000		5000
	To 8% Debenture A/c		50000		10
	(Being application money transferred to 8% Debentures A/c
	and excess money refunded)

	Debenture Allotment A/c Dr..	125000		5000
	To 8% Debenture A/c		100000		20
	To Securities Premium Reserve A/c		25000		5
	( Being Debenture allotment money for 5000 debentures
	transferred to Debentures A/c @ Rs 20 per Debenture and
	Securities Premium Reserve A/c @ Rs 5 per Debenture)

	Bank A/c Dr..	125000		5000
	To Debenture Allotment A/c		125000		25
	( Being debenture allotment money received for 5000
	debentures @ Rs 25 per debenture )

	Debenture First and Final Call A/c Dr..	350000		5000
	To 8% Debenture A/c		350000		70

	( Being Debenture first call money for 5000 debentures
	transferred to Debentures A/c @ Rs 70 per Debenture)

	Bank A/c Dr..	350000		5000
	To Debenture First and Final Call A/c		350000		70
	( Being debenture first and final call money received for
	5000 debentures @ Rs 70 per debenture )

▶ Video Solution: Coming Soon

Question 8

Journal of Ridyum Ltd

Date	Particulars	Dr Amt	Cr Amt	Deb.(Nos)	Per Deb

	Bank A/c Dr..	1000000
	To 9% Debenture Application A/c		1000000	5000	200
	( Being Debenture application money received for 5000
	debentures @ Rs 200 per Debenture)

	Debenture Application A/c Dr..	1000000		5000
	To 9% Debenture A/c		1000000		200
	(Being application money transferred to 9% Debentures A/c
	and excess money refunded)

	Debenture Allotment A/c Dr..	1750000		5000
	To 9% Debenture A/c		1500000		300
	To Securities Premium Reserve A/c		250000		50
	( Being Debenture allotment money for 5000 debentures
	transferred to Debentures A/c @ Rs 300 per Debenture and
	Securities Premium Reserve A/c @ Rs 50 per Debenture)

	Bank A/c Dr..	1750000		5000
	To Debenture Allotment A/c		1750000		350
	( Being debenture allotment money received for 5000
	debentures @ Rs 350 per debenture )

▶ Video Solution: Coming Soon

Question 9

Journal of Nikki Ltd

Date	Particulars	Dr Amt	Cr Amt	Deb.(Nos)	Per Deb

	Bank A/c Dr..	400000
	To 7% Debenture Application A/c		400000	10000	40
	( Being Debenture application money received for 10000
	debentures @ Rs 40 per Debenture)

	Debenture Application A/c Dr..	400000		10000
	To 7% Debenture A/c		400000		40
	(Being application money transferred to 7% Debentures A/c
	and excess money refunded)

	Debenture Allotment A/c Dr..	500000		10000
	To 7% Debenture A/c		300000		30
	To Securities Premium Reserve A/c		200000		20
	( Being Debenture allotment money for 10000 debentures
	transferred to Debentures A/c @ Rs 30 per Debenture and
	Securities Premium Reserve A/c @ Rs 20 per Debenture)

	Bank A/c Dr..	500000		10000
	To Debenture Allotment A/c		500000		50
	( Being debenture allotment money received for 10000
	debentures @ Rs 50 per debenture )

▶ Video Solution: Coming Soon

Question 10

Journal of Raja Ltd

Date	Particulars	Dr Amt	Cr Amt	Deb.(Nos)	Per Deb

	Bank A/c Dr..	200000
	To Debenture Application A/c		200000	5000	40
	( Being Debenture application money received for 5000
	debentures @ Rs 40 per Debenture)

	Debenture Application A/c Dr..	200000		5000
	To 9% Debenture A/c		150000		30
	To Securities Premium Reserve A/c		50000		10
	(Being application money transferred to 9% Debentures A/c)

	Debenture Allotment A/c Dr..	225000		5000
	To 9% Debenture A/c		150000		30
	To Securities Premium Reserve A/c		75000		15
	( Being Debenture allotment money for 5000 debentures
	transferred to Debentures A/c @ Rs 30 per Debenture and
	Securities Premium Reserve A/c @ Rs 15 per Debenture)

	Bank A/c Dr..	225000		5000
	To Debenture Allotment A/c		225000		45
	( Being debenture allotment money received for 5000
	debentures @ Rs 45 per debenture )

	Debenture First and Final Call A/c Dr..	275000		5000
	To 9% Debenture A/c		200000		40
	To Securities Premium Reserve A/c		75000		15
	( Being Debenture first call money for 5000 debentures
	transferred to Debentures A/c @ Rs 40 per Debenture and
	Securities Premium Reserve A/c @ Rs 15 per Debenture)

	Bank A/c Dr..	275000		5000
	To Debenture First and Final A/c		275000		55
	( Being debenture first and final call money received for
	5000 debentures @ Rs 55 per debenture )

▶ Video Solution: Coming Soon

Q 1-10 | Q 11-20 | Q 21-30 | Q 31-40 | Q 41-50 | Q 51-62

T S Grewal Solutions – Issue of Debentues – All Questions

T S Grewal Solutions Class 12 2026-27 – All Chapters

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