[CBSE] Q. 35 Issue of Debentures Solution TS Grewal Class 12 (2024-25)
Solution of Question number 35 of the Issue of Debentures Chapter of TS Grewal Book 2024-25 CBSE Board
On 1st April, 2018, Sakshi Ltd. issued 1,000, 11% Debentures of ₹ 100 each at a discount of 6%, redeemable at a premium of 5% after three years.
Pass the necessary Journal entries for the issue of debentures in the books of Sakshi Ltd.
[Ans. Loss on Issue of Debentures – ₹ 11,000; Premium on Redemption of Debentures – ₹ 5,000.]
Solution:-
