Q. 15 solution of Issue of Debentures Chapter TS Grewal Book Class 12 2021-22

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Solution of Question number 15 of the Issue of Debentures Chapter of TS Grewal Book 2021-22 Edition for the 2021-22 session?

B Ltd. issued 9% Debentures of ₹ 100 each at a premium of 20% to vendors for the purchase of plant costing ₹ 6,00,000. Pass the necessary Journal entry for the payment made to vendors.

[Ans.: No. of Debentures issued = ₹ 6,00,000/₹ 120 = 5,000.]

Solution:-

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