Are you looking for the solution of Question number 37 of the Issue of Debentures Chapter of TS Grewal Book 2021-22 Edition for the 2021-22 session?
Question number 37 of the issue of debentures chapter is a practical one.
Solution of Question Number 37 of Issue of Debentures Chapter of TS Grewal Book 2021-22 Class 12
Question – 37
Agam Ltd. issued 40,000; 9a% Debentures of ₹ 100 each on 1st April 2018 at a discount of 10% redeemable at a premium of 10%.
Assuming that the interest was paid half-yearly on 30th September and 31st March, give Journal entries relating to debenture interest for the half-year ended 31st March 2019.