[ISC] Q. 13 Issue of Debentures solution TS Grewal Class 12 (2023-24)

Solution of Question number 13 of the Issue of Debentures Chapter of TS Grewal Book ISC Board 2023-24 session?

Paper products Ltd. purchased Plant and Machinery for ₹ 10,00,000 payable as ₹ 3,25,000 in cash and balance by issue of 10% Debentures of ₹ 1,000 each issued at a discount of 10%. Pass Journal entries.

Solution:-