[CBSE] Q. 17 Issue of Debentures Solution TS Grewal Class 12 (2024-25)

Solution of Question number 17 of the Issue of Debentures Chapter of TS Grewal Book 2024-25 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:-