Are you looking for the solution of Question number 39 of the Issue of Debentures Chapter of TS Grewal Book 2021-22 Edition for the 2021-22 session?
Question number 39 of the issue of debentures chapter is a practical one.
Solution of Question Number 39 of Issue of Debentures Chapter of TS Grewal Book 2021-22 Class 12
Question – 39
On 1st April 2015, V.V.L Ltd. issued 1,000, 9% Debentures of ₹ 1000 each at a discount of 6% redeemable at a premium of 10% after three years. Pass necessary Journal entries for the issue of debentures and debenture interest for the year ended 31st March 2021, assuming that interest is payable on 30th September and 31st March. The Company closes its books on 31st March every year.