[ISC] Q. 35 Issue of Debentures solution TS Grewal Class 12 (2023-24)

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Solution of Question number 35 of the Issue of Debentures Chapter of TS Grewal Book ISC Board 2023-24 session?

Ebony Ltd. issued 5,000, 10% Debentures of ₹ 100 each on 1st April, 2021 redeemable at a premium of 20% after 4 years. Give Journal entries for the period ended 31st March 2022 assuming that the interest was payable half-yearly on 30th September and 31st March. TDS is deducted @ 10%.


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