[ISC] Q. 23, 24 Issue of Debentures solution TS Grewal Class 12 (2026-27)

Solution of Question number 23 and 24 of the Issue of Debentures Chapter of TS Grewal Book ISC Board 2026-27 session?

Q. 23. Shiwalik Ltd. issued ₹ 1,00,000; 7% Debentures at par redeemable at 5% premium after 10 years. Pass necessary Journal entries to record the transactions.

Solution:-

Q. 24. Pine Tree Ltd. issued 75,000; 8% Debentures of ₹ 100 each, payable on application and redeemable at par any time after 6 years. Record necessary Journal entries for issue of debentures.

Solution:-