[ISC] Q. 12 Issue of Debentures solution TS Grewal Class 12 (2023-24)

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Solution of Question number 12 of the Issue of Debentures Chapter of TS Grewal Book ISC Board 2023-24 session?

Patanjali Ltd. purchased machinery from Barun for an agreed purchase consideration of ₹ 6,30,000 to be satisfied by the issue of 10% Debentures of ₹ 100 each at 5% premium. Journalise the transactions.

Solution:-

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