[ISC] Q. 46 Issue of Debentures solution TS Grewal Class 12 (2023-24)
Solution of Question number 46 of the Issue of Debentures Chapter of TS Grewal Book ISC Board 2023-24 session?
On 1st January 2022, Raha Ltd. issued 6,000, 8% Debentures of nominal (face) value of ₹ 100 each redeemable at 5% premium in equal proportion at the end of 5, 10, and 15 years.
Pass Journal entries. Also, give Journal entries for writing off Loss on Issue of Debentures. Company decided to write off the loss on issue of debentures during the life of the debentures.
Solution:-
