[CBSE] Q. 37 Issue of Debentures Solution TS Grewal Class 12 (2023-24)

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Solution of Question number 37 of the Issue of Debentures Chapter of TS Grewal Book 2023-24 CBSE Board?

Pass necessary Journal entries for the issue of debentures in the following cases:

(a) ₹ 40,000; 12% Debentures of ₹ 100 each issued at a premium of 5% redeemable at par

(b) ₹ 70,000; 12% Debentures of ₹ 100 each issued at a premium of 5% redeemable at ₹ 110.

Solution:-

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Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his Youtube channel for free lectures

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