Q. 40 solution of Issue of Debentures Chapter TS Grewal Book Class 12 2021-22

Share your love

Are you looking for the solution of Question number 40 of the Issue of Debentures Chapter of TS Grewal Book 2021-22 Edition for the 2021-22 session?

Question number 40 of the issue of debentures chapter is a practical one.

Solution of Question Number 40 of Issue of Debentures Chapter of TS Grewal Book 2021-22 Class 12

Question – 40

Kitply Ltd. issued ₹ 2,00,000, 10% Debentures at a discount of 5%. The terms of the issue provide the repayment at the end of 4 years. Kitply Ltd. has a balance of ₹ 5,00,000 in Securities Premium Reserve.

Pass the Journal entries for the issue of debentures and the writing off the discount.


Share your love
Default image
Anurag Pathak
Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.
Articles: 954

Leave a Reply


Ad Blocker Detected!

Our Website is made possible by displaying online advertisements to our visitors. Please consider supporting us and remove the AD - Blocker to read this article.


error: Content is protected !!