[ISC] Q. 20 solution of Issue of Debentures TS Grewal Class 12 (2022-23)

Solution of Question number 20 of the Issue of Debentures Chapter of TS Grewal Book ISC Board 2022-23 session?

Sheesham Ltd. issued 10,000 Debentures of ₹ 100 each at par on the condition that the same will be redeemed at a premium of 10% after two years. Pass necessary Journal entries for the issue and redemption of these debentures after the expiry of two years.

Solution:-