[ISC] Q. 28 Issue of Debentures solution TS Grewal Class 12 (2023-24)
Solution of Question number 28 of the Issue of Debentures Chapter of TS Grewal Book ISC Board 2023-24 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/2023/12/q28-1024x213.webp)
Solution:-
![](https://commerceschool.in/wp-content/uploads/2023/12/1-31-1024x692.webp)
![](https://commerceschool.in/wp-content/uploads/2023/12/2-8-1024x360.webp)
![](https://commerceschool.in/wp-content/uploads/2023/12/3-6-1024x552.webp)
![](https://commerceschool.in/wp-content/uploads/2023/12/4-1-1024x385.webp)