Are you looking for the solution of Question number 12 of the Issue of Debentures Chapter of TS Grewal Book 2021-22 Edition for the 2021-22 session?
Question number 12 of the issue of debentures chapter is a practical one.
Solution of Question Number 12 of Issue of Debentures Chapter of TS Grewal Book 2021-22 Class 12
Question – 12
Alka Ltd. issued 5,000, 10% Debentures of ₹ 1,000 each at a discount of 10% redeemable at a premium of 5% after 5 years. According to the terms of issue ₹ 500 was payable on the application and the balance amount on allotment of debentures. Record necessary entries regarding the issue of 10% Debentures.