[CBSE] Q. 9 Issue of Debentures Solution TS Grewal Class 12 (2023-24)

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Solution of Question number 9 of the Issue of Debentures Chapter of TS Grewal Book 2023-24 CBSE Board?

Iron Products Ltd. issued 5,000; 9% Debentures of ₹ 100 each at a premium of ₹ 40 payable as follows:

(i) ₹ 40, including premium of ₹ 10 on application;

(ii) ₹ 45, including premium of ₹ 15 on allotment; and

(iii) Balance as first and final call.

The issue was subscribed and allotment made. Calls were made and due amount was received.

Pass Journal entries.

Solution:-

Here is the list of all Solutions.

S.NSolutions
1Question – 1
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56Question – 56
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Anurag Pathak

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