Illustration 32
Journalise the following transactions:
(a) Mehar Ltd. issued 1,00,000,12% Debentures of # 100 each at a premium of 5% redeema
at a premium of 2%.
(b) 12% Debentures were issued at a discount of 10% to a vendor of machinery for paym
of 9,00,000
(c) Issue of 10,000, 11% Debentures of 100 each as collateral in favour of State Bank of In
Company opted to pass necessary entry for issue of debentures, (CBSE Sample Paper,
TA
Answers
Answer:
We at————— cordially invites you to participate in our Art Competition 2020
The basic aim of the event is to promote the artistic abilities of special persons in Pakistan. This painting competition will bring together special and ordinary young people on ——–premises and will help raise awareness about the needs and rights of special persons in Pakistan among the youth of our country. Through this competition, ———also seeks to raise funds in order to improve the facilities provided to its special persons.
Date: 7th February, 2018
Time & Venue: 10:00 am to 1:00 pm at —————-, Karbath Soling, Bedian Road, Lahore.
Themes: Blessings of My Country
Categories:
A – Special Persons (Mentally Challenged)
B – Special Persons (Hearing Impairment)
C – Special Persons (Physically Challenged)
D- Special persons (Visual Impairment)
For Normal persons:
E – Ages 9-12
F – Ages 13-15
G – Ages 16-18 or above
Registration:
Fees: Rs. 500/participant
(No registration fees for special persons i.e. Categories A to D)
Last Date for Registration: Monday, 29th January, 2018
Maximum 10 participants in each category are allowed to take part in the competition from each institution. Kindly send us the completed registration form along with the registration fees by crossed cheque to reach ——————, P.O. Box ————— D.H.A., Lahore by Monday, 29th January, 2018. You can also submit the registration form and fees at our office in person.
Details of Program:
Participate in our 5th art competition 2018”
The basic aim of the event is to promote the artistic abilities of special persons in Pakistan. This painting competition will bring together Special and Ordinary young people on the ———-premises and will help raise awareness about the needs and rights of special persons in Pakistan among the youth of our country. Through this competition, ——————– also seeks to raise funds in order to improve the facilities provided to its special persons.
Time & Venue: 10:00am to 1:00pm at ———— Bedian Road, Lahore.
Registration: Maximum 10 participants in each category are allowed to take part in the competition from each institution.
Kindly send us the filled registration form along with the registration fee by crossed cheque to reach ————–, P.O. Box ———, D.H.A., Lahore by Monday, 29th January, 2018 You can also submit the registration form and fees at our office in person.
Prizes and Certificates:
1. All participants will receive a Certificate of Participation.
2. Shields and gifts will be given to the first three position holders in each category. A special certificate will be given to first five position holders in each category.
3. After the results have been announced, the artwork of the top five artists in each category shall be displayed at Shakir Ali Museum and will be available for sale.
4. The expected guests at Shakir Ali Museum would be Dr. Ejaz Anwar (Pride of Performance) & Mr. Javed Iqbal (Famous Cartoonist) on the day of Exhibition.
Rules & Regulations:
1. Participants to reach the venue by 9:30am.
2. Maximum size of art piece will be A3.
3. All participants have to bring their own art material (use of craft material in artwork will disqualify
the participant from the competition. Only drawing, coloring or painting is allowed).
4. Participants will be given a total time of 1 hour to complete their art work.
If you wish to make a donation to—————- for this competition or for any other purpose, then kindly bring your donation on the day of the competition.
Products made by our special persons in Arts & Crafts Workshop (handmade cards and recycled pots), Textile Workshop (hand embroidered cards and pouches), Wood Workshop (toys and key chains) and Organic Bakery (cakes and patties) will also be available for sale.
REGISTRATION FORM
School Name _____________________________________________________________________________
Address _____________________________________________________________________________
School Contact Name _____________________________________Designation:_____________________________
Contact Number _____________________________________Email:___________________________________
Please fill in the name of all participants in the Table below (Attach extra sheets if required):
Sr. No. Name of Participant Category
1
2
3
4
5
6
7
8
9
10
Registration and Fee Submission:
Total No. of Participants: ——-Signature of the Principal/Authority———-
Total Fee: ———-Date:——————–
Looking forward to your positive response,
With kind Regards,
Yaya Khan
Event Manager
A journal entry is the record of the financial transaction of a business in its financial books.
- The transactions of a business are recorded in a journal, which indicates the debit and credit balances.
- These specific entries can help in the authentication of transactions and also helps to know if they are supported with bills.
- Thus, the correct journal entry will be -
a)
Bank A/c Dr. 1,05,000
To Debenture application and allotment A/c 1,05,000
Debenture application and allotment A/c. 1,05,000
Loss on issue of debenture A/c 2,000
To 12% debentures A/c 1,00,000
To securities premium reserve A/c 5,000
To premium on redemption of debentures A/c 2,000
( Being 1000 debentures issues at 5% premium and 2% redeemable)
b)
Vendor A/c 9,00,000
Discount on issue of debenture A/c 1,00,000
To 12% debenture 10,00,000
( Being debentures issued at a discount of 10% )
c)
Debenture Suspense A/c. 10,00,000
To 11% Debenture A/c 10,00,000
( Being 10,000 11% debentures at Rs. 100)
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