[CBSE] Q. 36 Issue of Debentures Solution TS Grewal Class 12 (2023-24)

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Solution of Question number 36 of the Issue of Debentures Chapter of TS Grewal Book 2023-24 CBSE Board?

Pass necessary Journal entries relating to the issue of debentures for the following:

(a) Issued ₹ 28,000; 10% Debentures of ₹ 100 each at a premium of 15% redeemable at par.

(b) Issued ₹ 30,000; 10% Debentures of ₹ 100 each at a premium of 10% and redeemable at a premium of 15%.

(c) Issued ₹ 80,000; 10% Debentures of ₹ 100 each at par repayable at a premium of 10%.

Solution:-

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