[CBSE] Q. 13 Issue of Debentures Solution TS Grewal Class 12 (2023-24)

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Solution of Question number 13 of the Issue of Debentures Chapter of TS Grewal Book 2023-24 CBSE Board?

Alka Ltd. issued 5,000, 10% Debentures of ₹ 1,000 each at a discount of 10% redeemable after 5 years. According to the terms of issue, ₹ 500 (after discount of ₹ 50) was payable on application and the balance amount on allotment of debentures. Record necessary entries regarding issue of 10% Debentures.

Solution:-

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