[ISC] Q. 21, 22 Issue of Debentures solution TS Grewal Class 12 (2026-27)
Solution of Question number 21 and 22 of the Issue of Debentures Chapter of TS Grewal Book ISC Board 2026-27 session?
Q. 21. Eknath 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.
Solution:-
Q. 22. 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:-
