[ISC] Q. 48 Issue of Debentures solution TS Grewal Class 12 (2023-24)
Solution of Question number 48 of the Issue of Debentures Chapter of TS Grewal Book ISC Board 2023-24 session?
Logitech issued 20,000; 1% Debentures of ₹ 100 each at a discount of 5% redeemable at a premium of 3%. Debentures are to be redeemed in the following manner:
| Year | Face Value of Debentures |
| 2 | 2,00,000 |
| 3 | 4,00,000 |
| 4 | 6,00,000 |
| 5 | 8,00,000 |
Prepare Loss on issue of Debentures Account for 5 years.
Solution:-
