[CBSE] Q. 56 Issue of Debentures Solution TS Grewal Class 12 (2024-25)
Solution of Question number 56 of the Issue of Debentures Chapter of TS Grewal Book 2024-25 CBSE Board
On 1st April, 2018, Mathew Ltd. issued 10,000, 9% Debentures of ₹ 100 each at a discount of 5% redeemable at a premium of 5%. These debentures were redeemable as follows:
| On 31st March, 2019 On 31st March, 2020 On 31st March, 2021 | 2,000 Debentures 5,000 Debentures 3,000 Debentures |
Prepare the Loss on Issue of Debentures Account, 9% Debentures Account and Premium on Redemption of Debentures Account for three years.
Solution:-
