[ISC] Q. 30 Issue of Debentures solution TS Grewal Class 12 (2023-24)

Share your love

Solution of Question number 30 of the Issue of Debentures Chapter of TS Grewal Book ISC Board 2023-24 session?

On 1st April 2021, Z Ltd. issued 50,000, 8% Debentures of ₹ 100 each at a discount of 6% redeemable at a premium of 10% after 4 years. The amount was payable as follows:

On Application – ₹ 50 per debenture

On Allotment – Balance after discount.

Record the necessary Journal entry for the issue of debentures in the books of the company.


Share your love
Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his Youtube channel for free lectures

Articles: 6553

Leave a Reply

Your email address will not be published. Required fields are marked *