[CBSE] Q. 2 Issue of Debentures Solution TS Grewal Class 12 (2024-25)

Solution of Question number 2 of the Issue of Debentures Chapter of TS Grewal Book 2024-25 CBSE Board

Saurab Ltd. issued 2,000; 9% Debentures of ₹ 100 each payable as follows:

₹ 25 on application; ₹ 25 on allotment and ₹ 50 on first and final call.

Applications were received for all the debentures along with the application money and allotment was made. Call money was also received on the due date. Pass necessary Journal entries in the books of the company.

Solution:-