[CBSE] Q. 30 Issue of Debentures Solution TS Grewal Class 12 (2026-27)

Solution of Question number 30 of the Issue of Debentures Chapter of TS Grewal Book 2026-27 CBSE Board

Grown Ltd. issued 500, 10% Debentures of ₹ 1,000 each credited as fully paid-up to the promotors for their services to incorporate the company. It also issued 100, 10% Debentures of ₹ 1,000 each credited as fullyh paid-up to the underwriters towards their commission. Pass the Journal entries.

Solution:-