Are you looking for the solution of Question number 45 of the Issue of Debentures Chapter of TS Grewal Book 2021-22 Edition for the 2021-22 session?
Question number 45 of the issue of debentures chapter is a practical one.
Solution of Question Number 45 of Issue of Debentures Chapter of TS Grewal Book 2021-22 Class 12
Question – 45
Global Ltd issued 10,000, 8% Debentures of ₹100 each redeemable in four equal installments by draw of lots from the end of 3 years at a premium of ₹9.
Pass the Journal entries for writing off the loss on the issue of Debentures. Also, prepare loss on issue of Debentures Account.