[ISC] Q. 35, 36 Issue of Debentures solution TS Grewal Class 12 (2026-27)
Solution of Question number 35 and 36 of the Issue of Debentures Chapter of TS Grewal Book ISC Board 2026-27 session
Q. 35. Prey Resorts Ltd. issued 20,000, 8% Debentures of *50 each at a discount of 10% and redeemable at
par after 5 years. The issue was subscribed, allotment was made and due amounts were received.
You are required to prepare Cash Book (Bank Column Only) and pass the Journal entries if:
(a) Issue price is payable with application; and
(b) Issue price is payable as * 20 on Application, 15 (after discount) on allotment and balance on first and final call.
Solution:-
Q. 36. Bronze Ltd. issued 20,000, 8% Debentures of 50 each at a premium of 10% and redeemable at par after 5 years. The issue was subscribed, allotment was made and due amounts were received.
You are required to prepare Cash Book (Bank Column Only) and pass the Journal entries if:
(a) Issue price is payable with application; and
(b) Issue price is payable as * 20 on Application, 25 (including premium) on allotment and balance on first and final call.
Solution:-
