Q. 7 solution of Issue of Debentures Chapter TS Grewal Book Class 12 2021-22

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Solution of Question number 7 of the Issue of Debentures Chapter of TS Grewal Book 2021-22 Edition for the 2021-22 session

Vijay Laxmi Ltd. invited applications for 10,000; 12% Debentures of ₹ 100 each at a premium of ₹ 70 per debenture. The full amount was payable on application.

Applications were received for 13,500 debentures. Applications for 3,500 debentures were rejected and application money was refunded. Debentures were allotted to the remaining applications. Pass necessary Journal entries

Solution:-

Here is the list of all Solutions.

S.NLink to Solution
1.Question – 1
2.Question – 2
3.Question – 3
4.Question – 4
5.Question – 5
6.Question – 6
7.Question – 7
8.Question – 8
9.Question – 9
10.Question – 10
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11.Question – 11
12.Question – 12
13.Question – 13
14.Question – 14
15.Question – 15
16.Question – 16
17.Question – 17
18.Question – 18
19.Question – 19
20.Question – 20
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21.Question – 21
22.Question – 22
23.Question – 23
24.Question – 24
25.Question – 25
26.Question – 26
27.Question – 27
28.Question – 28
29.Question – 29
30.Question – 30
S.NLink to Solution
31.Question – 31
32.Question – 32
33.Question – 33
34.Question – 34
35.Question – 35
36.Question – 36
37.Question – 37
38.Question – 38
39.Question – 39
40.Question – 40
S.NLink to Solution
41.Question – 41
42.Question – 42
43.Question – 43
44.Question – 44
45.Question – 45
46.Question – 46
47.Question – 47
48.Question – 48
49.Question – 49
50.Question – 50
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