[ISC] Q. 21 Issue of Debentures solution TS Grewal Class 12 (2024-25)

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Solution of Question number 21 of the Issue of Debentures Chapter of TS Grewal Book ISC Board 2024-25 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:-

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