[ISC] Q. 23 Issue of Debentures solution TS Grewal Class 12 (2023-24)

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Solution of Question number 23 of the Issue of Debentures Chapter of TS Grewal Book ISC Board 2023-24 session?

Pine Tree Ltd. issued 75,000; 8% Debentures of ₹ 100 each, payable on application and redeemable at par any time after 6 years. Record necessary Journal entries for issue of debentures.

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Solution:-

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