[ISC] Q. 25, 26 Issue of Debentures solution TS Grewal Class 12 (2026-27)

Solution of Question number 25 and 26 of the Issue of Debentures Chapter of TS Grewal Book ISC Board 2026-27 session?

Q. 25. Grace Ltd. issued 40,000; 9% Debentures of ₹ 50 each at a discount of 8% redeemable at par any time after 9 years. Record necessary Journal entries.

Solution:-

Q. 26. Hammer Ltd. issued ₹ 1,00,000; 9% Debentures of ₹ 100 each at a premium of 5% redeemable at par. Give Journal entries.

Solution:-