[CBSE] Q. 17 Issue of Debentures Solution TS Grewal Class 12 (2023-24)

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Solution of Question number 17 of the Issue of Debentures Chapter of TS Grewal Book 2023-24 CBSE Board?

B Ltd. issued 9% Debentures of ₹ 100 each at a premium of 20% to Vendors for purchase of plant costing ₹ 6,00,000. Pass the necessary Journal entry for the payment made to vendors.

[Ans.: No. of Debentures issued = ₹ 6,00,000/₹ 120 = 5,000.]

Solution:-

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Anurag Pathak

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