[ISC] Q. 28 solution of Issue of Debentures TS Grewal Class 12 (2022-23)
Solution of Question number 28 of the Issue of Debentures Chapter of TS Grewal Book ISC Board 2022-23 session?
Pass Journal entries in the following cases:
(a) Andy Ltd. issued 4,000; 12% Debentures of ₹ 100 each at a premium of 5% redeemable at par.
(b) Grant Ltd. issued 4,000; 12% Debentures of ₹ 100 each at a discount of 10% redeemable at par.
(c) Steve Ltd. issued 4,000; 12% Debentures of ₹ 100 each at par redeemable at 10% premium.
(d) Mark Ltd. issued 4,000; 12% Debentures of ₹ 100 each at a discount of 5% and redeemable at 5% premium.
(e) Sam Ltd. issued 4,000; 12% Debentures of ₹ 100 each at a premium of 10% redeemable at 110%.
![](https://commerceschool.in/wp-content/uploads/2022/09/q28-1-1024x209.webp)
Solution:-
![](https://commerceschool.in/wp-content/uploads/2022/09/1-137-1024x343.webp)
![](https://commerceschool.in/wp-content/uploads/2022/09/2-49-1024x346.webp)
![](https://commerceschool.in/wp-content/uploads/2022/09/3-14-1024x368.webp)
![](https://commerceschool.in/wp-content/uploads/2022/09/4-2-1024x604.webp)
![](https://commerceschool.in/wp-content/uploads/2022/09/5-1-1024x403.webp)