[CBSE] Q. 43 Issue of Debentures Solution TS Grewal Class 12 (2026-27)

Solution of Question number 43 of the Issue of Debentures Chapter of TS Grewal Book 2026-27 CBSE Board

Pass necessary Journal entries for the issue of debentures for the following transactions:

(i) Kajal Ltd. issued 30,000, 11% Debentures of ₹ 100 each at a discount of 10% redeemable at a premium of 5%

(ii) Ninja Ltd. issued 32,000, 8% Debentures of ₹ 100 each at a premium of ₹ 20 per debenture, redeemable at a premium of ₹ 10 per debenture

(iii) Him Ltd. issued 40,000, 13% Debentures of ₹ 100 each at par, redeemable at a premium of 10%.

Solution:-