[CBSE] Q. 4 Issue of Debentures Solution TS Grewal Class 12 (2023-24)

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Are you looking for the solution of Question number 4 of the Issue of Debentures Chapter of TS Grewal Book 2023-24 CBSE Board?

Super Seals Ltd. issued 10,000, 8% Debentures of ₹ 100 each at par for subscription payable ₹ 40 on application, ₹ 30 on allotment and balance as first and final call. Debentures issued were applied and allotment was made. First and Final Call is yet to be made.

You are required to pass the necessary Journal entries.

Solution:-

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Anurag Pathak

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