[ISC] Q. 5 Issue of Debentures solution TS Grewal Class 12 (2023-24)
Solution of Question number 5 of the Issue of Debentures Chapter of TS Grewal Book ISC Board 2023-24 session?
Date Palm Ltd. issued 5,000; 8% Debentures of ₹ 100 each at a premium of 5% payable as follows:
₹ 10 on application: ₹ 20 along with premium on allotment and balance on first and final call.
Pass necessary Journal entries and show the entries in the Balance Sheet.
Solution:-
