[ISC] Q. 19, 20 Issue of Debentures solution TS Grewal Class 12 (2026-27)
Solution of Question number 19 and 20 of the Issue of Debentures Chapter of TS Grewal Book ISC Board 2026-27 session?
Q. 19. Hi-tech Ltd. took over the assets of ₹ 6,60,000 and liabilities of ₹ 80,000 of Low-tech Ltd. for an agreed purchase consideration of ₹ 6,00,000 payable 10% in cash and the balance by the issue of 12% Debentures of ₹ 100 each. Give necessary Journal entries in the books of Hi-tech Ltd., assuming that:
Case (a): The debentures are issued at par.
Case (b): The debentures are issued at 20% premium
Case (c): The debentures are issued at 10% discount.
Solution:-
Books of Hi-tech Ltd
Q. 20. Drumbeats Ltd. took a loan of ₹ 4,00,000 from AU Bank Ltd. and issued 8% Debentures of ₹ 4,00,000 as a collateral Security.
Explain how will you deal with the issue of debentures in the books of the company.
Solution:-
