[CBSE] Q. 7 Issue of Debentures Solution TS Grewal Class 12 (2024-25)

Solution of Question number 7 of the Issue of Debentures Chapter of TS Grewal Book 2024-25 CBSE Board

Raj Ltd. issued 5,000; 8% Debentures of ₹ 100 each at a premium of 5% payable as follows: ₹ 10 on application; ₹ 20 plus premium on allotment and balance on first and final call. Pass necessary Journal entries.

Solution:-