[ISC] Q. 23 Issue of Debentures solution TS Grewal Class 12 (2024-25)

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Solution of Question number 23 of the Issue of Debentures Chapter of TS Grewal Book ISC Board 2024-25 session.

Banana Tree Ltd. issued 4,00,000; 9% Debentures of ₹ 50 each, payable on application. Pass Journal entries, at the time of issue of debentures in the following situations:

(i) Issued at par, redeemable at 10% premium,

(ii) Issued at 5% premium, redeemable at 10% premium.

Solution:-

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