[ISC] Q. 48 Issue of Debentures solution TS Grewal Class 12 (2023-24)

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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:

YearFace Value of Debentures
22,00,000
34,00,000
46,00,000
58,00,000

Prepare Loss on issue of Debentures Account for 5 years.

Solution:-

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