[CBSE] Q. 34 Issue of Debentures Solution TS Grewal Class 12 (2024-25)

Solution of Question number 34 of the Issue of Debentures Chapter of TS Grewal Book 2024-25 CBSE Board

ZK Ltd.’ issued ₹ 4,00,000, 9% Debentures of ₹ 100 each at a discount of 5% redeemable at a premium of 10%. Pass necessary Journal entries for the above transactions in the Books of ZK Ltd.

Solution:-