[CBSE] Q. 15 Issue of Debentures Solution TS Grewal Class 12 (2024-25)

Solution of Question number 15 of the Issue of Debentures Chapter of TS Grewal Book 2024-25 CBSE Board

Joy Ltd. company bought a Building for ₹ 9,00,000 and the consideration was paid by issuing 10% Debentures of the nominal (face) value of ₹ 100 each at a discount of 10%.

Give Journal entries

[Ans.: 10,000; 10% Debentures of ₹ 100 each.]

Solution:-