[ISC] Q. 41 Issue of Debentures solution TS Grewal Class 12 (2023-24)
Solution of Question number 41 of the Issue of Debentures Chapter of TS Grewal Book ISC Board 2023-24 session?
Woodcraft Ltd. issued 20,000, 8% Debentures of ₹ 100 each on 1st April, 2022 redeemable at 20% premium. The issue was fully subscribed.
Pass the necessary Journal entries for issue of debentures and writing off loss on issue of debentures.
![](https://commerceschool.in/wp-content/uploads/2023/12/q41-1024x99.webp)
Solution:-
![](https://commerceschool.in/wp-content/uploads/2023/12/1-44-1024x427.webp)