[CBSE] Q. 32 Issue of Debentures Solution TS Grewal Class 12 (2024-25)
Solution of Question number 32 of the Issue of Debentures Chapter of TS Grewal Book 2024-25 CBSE Board
S. Singh Limited obtained loan of ₹ 5,00,000 from State Bank of India @ 10% p.a. interest. The compay issued ₹ 7,50,000, 10% Debentures of ₹ 100 each in favour of State Bank of India as Collateral Security. Pass necessary Journal entries for the above transactions:
(i) When company decided not to record the issue of 10% Debentures as Collateral Security.
(ii) When company decided to record the issue of 10% Debentures as Collateral Security.
Solution:-
