Q. 30 DK Goel Issue of Debentures Solutions Class 12 CBSE (2024-25)

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the solution of question number 30 of Issue of debentures chapter 7 of DK Goel Class 12 CBSE (2024-25)

On 1st April, 2021, Star Ltd. issued 8,000, 8% Debentures of ₹ 250 each at a premium of 5% and redeemable at a premium of 4% after 4 years. According to the terms of issue, ₹ 100 was payable on application and balance on allotment. Record necessary entries regarding issue of debentures and writing off loss on issue of debentures.

[Ans. Entire Loss on Issue ₹ 80,000 will be written off from Security Premium.]

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
Anurag Pathak

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