[ISC] Q. 4 Issue of Debentures solution TS Grewal Class 12 (2023-24)
Solution of Question number 4 of the Issue of Debentures Chapter of TS Grewal Book ISC Board 2023-24 session?
Smart Ltd. issued 5,000, 10% Debentures of ₹ 100 each, payable ₹ 30 on application and ₹ 70 on allotment. Applications were received for 4,000 debentures and debentures were allotted to all the applicants.
Give the necessary Journal entries and Balance Sheet of Smart Ltd.
![](https://commerceschool.in/wp-content/uploads/2023/12/q4-1024x109.webp)
Solution:-
![](https://commerceschool.in/wp-content/uploads/2023/12/1-8-1024x532.webp)