[ISC] Q. 4 Issue of Debentures solution TS Grewal Class 12 (2023-24)

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Solution of Question number 4 of the Issue of Debentures Chapter of TS Grewal Book ISC Board 2023-24 session?

Smart Ltd. issued 5,000, 10% Debentures of ₹ 100 each, payable ₹ 30 on application and ₹ 70 on allotment. Applications were received for 4,000 debentures and debentures were allotted to all the applicants.

Give the necessary Journal entries and Balance Sheet of Smart Ltd.


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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

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