Q. 36 solution of Issue of Debentures Chapter TS Grewal Book Class 12 2021-22

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Are you looking for the solution of Question number 36 of the Issue of Debentures Chapter of TS Grewal Book 2021-22 Edition for the 2021-22 session?

Question number 36 of the issue of debentures chapter is a practical one.

Solution of Question Number 36 of Issue of Debentures Chapter of TS Grewal Book 2021-22 Class 12

Question – 36

Case Cosmetics Ltd issued 50,000; 9% Debentures of ₹ 10 each on 1st April 2020 redeemable at a premium of 10% after 10 years. According to the terms of the issue, ₹ 4 is payable on application and balance on allotment of debentures. Record necessary Journal entries regarding the issue of debentures.

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