Are you looking for the solution of Question number 17 of the Issue of Debentures Chapter of TS Grewal Book 2021-22 Edition for the 2021-22 session?
Question number 17 of the issue of debentures chapter is a practical one.
Solution of Question Number 17 of Issue of Debentures Chapter of TS Grewal Book 2021-22 Class 12
Question – 17
Reliance Ltd. purchased machinery costing ₹ 1,35,000. It was agreed that the purchase consideration be paid by issuing 9% Debentures of ₹ 100 each. If debentures have been issued i) at par and ii) at a discount of 10%. Give necessary Journal entries.