[ISC] Q. 29 solution of Issue of Debentures TS Grewal Class 12 (2022-23)

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Solution of Question number 29 of the Issue of Debentures Chapter of TS Grewal Book ISC Board 2022-23 session?

Care Cosmetics Ltd. issued 50,000; 9% Debentures of ₹ 10 each on 1st April, 2021 redeemable at a premium of 10% after 10 years. According to the terms of issue ₹ 4 is payable on application and balance on allotment of debentures. Record necessary Journal entries regarding issue of debentures.

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Anurag Pathak
Anurag Pathak

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