[CBSE] Q. 39 Issue of Debentures Solution TS Grewal Class 12 (2024-25)

Solution of Question number 39 of the Issue of Debentures Chapter of TS Grewal Book 2024-25 CBSE Board

Chiranjeevi Limited issued 2,000, 10% Debentures of ₹ 100 each. Pass the necessary Journal entries for the issue of debentures in the following cases:

(a) When debentures were issued at 10% premium, redeemable at 5% premium.

(b) When debentures were issued at 5% discount, redeemable at 10% premium.

(c) When debentures were issued at par, redeemable at a premium of 10%

Solution:-