Q. 20 DK Goel Issue of Debentures Solutions Class 12 CBSE (2024-25)

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the solution of question number 20 of Issue of debentures chapter 7 of DK Goel Class 12 CBSE (2024-25)

India. Ltd. made the following issue of 6% debentures:

(i) For cash at 90%, 6,000 debentures of ₹ 100 each.

(ii) 1,100 debentures of ₹ 100 each to a creditor regarding machinery costing ₹ 1,00,000.

(iii) To bank for a loan of ₹ 7,00,000 as collateral security 10,000 debentures of ₹ 100 each.

Pass Journal entries for first year only. All capital losses are to be written off in the first year itself.

Solution:-

Here are the solutions of Issue of debentures chapter 7 of DK Goel Class 12 CBSE (2024-25)

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54Question – 54
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Anurag Pathak

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