[CBSE] Q. 60 Issue of Debentures Solution TS Grewal Class 12 (2026-27)

Solution of Question number 60 of the Issue of Debentures Chapter of TS Grewal Book 2026-27 CBSE Board

Pass necessary Journal entries relating to issue of Debentures and to write off discount/loss on issue of debentures in the books of Srijan Ltd. in the following cases:

(i) 900, 6% Debentures of ₹ 1,000 each are issued at 5% discount and redeemable at par. Balance in Securities Premium Account is ₹ 50,000.

(ii) 700, 8% Debentures of ₹ 1,000 each are issued at 10% Discount and redeemable at a premium of 10%. Balance in Securities Premium Account is ₹ 1,00,000.

Solution:-