Q. 10 solution of Issue of Debentures Chapter TS Grewal Book Class 12 2021-22
Solution of Question number 10 of the Issue of Debentures Chapter of TS Grewal Book 2021-22 Edition for the 2021-22 session?
Kati Ltd. issued 8,000, 9% Debentures of ₹ 100 each at a discount of 10%. The full amount was payable on application. Applications were received for 9,000 debentures and allotment was made on pro rata basis.
Pass the necessary Journal entries for the above transactions in the books of Kati Ltd.
[Ans.: Discount on issue of Debentures – ₹ 80,000; Excess amount refunded – ₹ 90,000.]
Solution:-
Here is the list of all Solutions.
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| 50. | Question – 50 |
