Class-12 principleswkjnecfejscejaknc .pptx

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1. Class-12 Principles of Accounting-II

2. Issue of Shares on Installment basis Issue of Shares On Share Application On Share allotment On…Calls account Issued at Par Issued at Discount Issued at Premium

3. Issue of Share at Par: Date Particulars L.F. Debit ( Rs ) Credit ( Rs ) 1. On application Bank a/c Dr. To Share application a/c Being share application money received) On transferred Share application a/c Dr. To Share Capital a/c (Being share application money transferred to share capital) *** *** *** ***

4. Issued at Discount Journal Entries Date Particulars L.F. Debit ( Rs ) Credit( Rs ) On Allotment Share allotment a/c Dr. Discount on issue of share a/c Dr. To Share Capital a/c (Being Share allotment money due and discount allowed) *** *** ***

5. Unit-5 Accounting For Debenture

6. Term of issue of Debenture Condition of issue Condition of Redemption Issued at Par Redeemed at Par Redemption at Discount Redemption at Premium Issued at Discount Redemption at Par Redemption at Discount Redemption at Premium Issued at Premium Redemption at Par Redemption at Discount Redemption at Premium

7. 1.When debenture are issued at Par and Redemable at Par: On issue: Bank a/c Dr. *** To….%Debentures a/c *** (…%Debentures issued at par and redeemable at par) On redemption: …..%Debentures a/c Dr. *** To Bank a/c *** (…..%Debentures redeemed at par)