[ISC] Q. 43 Issue of Debentures solution TS Grewal Class 12 (2023-24)

Solution of Question number 43 of the Issue of Debentures Chapter of TS Grewal Book ISC Board 2023-24 session?

A company issued 15,000, 10% Debentures of ₹ 100 each on 1st April, 2019 at a discount of 6% redeemable at par by drawing method as follows:

Calculate the amount of discount which should be transferred to the Statement of Profit & Loss.

Solution:-