Q. 43 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 43 of the Issue of Debentures Chapter of TS Grewal Book 2021-22 Edition for the 2021-22 session?

Question number 43 of the issue of debentures chapter is a practical one.

Solution of Question Number 43 of Issue of Debentures Chapter of TS Grewal Book 2021-22 Class 12

Question – 43

DB Ltd. issued 20,000; 7% Debentures of ₹100 each at a discount of 10% redeemable at a premium of 10% payable ₹50 on application and balance on the allotment. It had a balance in Securities Premium Reserve of ₹1,50,000 and in Capital Reserve of ₹1,00,000.

The Debentures were fully subscribed and amounts were duly received.

Pass the Journal entries for the issue of Debentures and writing off loss on the issue of Debentures.

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