[CBSE] Q. 40 Issue of Debentures Solution TS Grewal Class 12 (2024-25)

Solution of Question number 40 of the Issue of Debentures Chapter of TS Grewal Book 2024-25 CBSE Board

Pass necessary Journal entries for the issue of debentures in the following cases:

(i) Issued ₹ 75,00,000, 9% Debentures of ₹ 100 each at a premium of 10% redeemable at a premium of 5% after 3 years.

(ii) Issued 8,000, 9% Debentures of ₹ 100 each at a discount of 6% redeemable at a premium of 3% after 5 years.

(iii) Issued 90,000, 9% Debentures of ₹ 100 each at par, redeemable at par after 4 years.

Solution:-