[ISC] Q. 29, 30 Issue of Debentures solution TS Grewal Class 12 (2026-27)

Solution of Question number 29 and 30 of the Issue of Debentures Chapter of TS Grewal Book ISC Board 2026-27 session

Q. 29. Banana Tree Ltd. issued 4,00,000; 9% Debentures of ₹ 50 each, payable on application. Pass Journal entries, at the time of issue of debentures in the following situations:

(i) Issued at par, redeemable at 10% premium,

(ii) Issued at 5% premium, redeemable at 10% premium.

Solution:-

Q. 30. Journalise the following:

(a) A debenture of nominal (face) value ₹ 100 issued at ₹ 95, repayable at ₹ 100.

(b) A debenture of nominal (face) value ₹ 100 issued at ₹ 95, repayable at ₹ 105.

(c) A debenture of nominal (face) value 100 issued at * 100, repayable at 105.

Solution:-