[ISC] Q. 18 Issue of Debentures solution TS Grewal Class 12 (2023-24)

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Solution of Question number 18 of the Issue of Debentures Chapter of TS Grewal Book ISC Board 2023-24 session?

Cactus Ltd. took a loan of ₹ 5,00,000 from a bank giving ₹ 6,00,000; 9% Debentures as a collateral security. Pass necessary Journal entries regarding issue of debentures, if any, and show this loan in the Balance Sheet of the company.

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