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Solution of Q 32 Issue of Debentures TS Grewal 2023-24 [CBSE]

Question 32 of 56Chapter 9Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 32, Chapter 9 Issue of Debentures, TS Grewal Class 12 Accountancy 2023-24 for the CBSE Board.

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Question 32

S. Singh Limited obtained loan of ₹ 5,00,000 from State Bank of India @ 10% p.a. interest. The company issued ₹ 7,50,000, 10% Debentures of ₹ 100 each in favour of State Bank of India as Collateral Security. Pass necessary Journal entries for the above transactions:

  1. (i) When company decided not to record the issue of 10% Debentures as Collateral Security.
  2. (ii) When company decided to record the issue of 10% Debentures as Collateral Security.
TS Grewal Class 12 Issue of Debentures Question 32

Solution

Solution of Q 32 Issue of Debentures TS Grewal 2023-24 part 1
Solution of Q 32 Issue of Debentures TS Grewal 2023-24 part 2
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Solution of Q 32 Issue of Debentures TS Grewal 2023-24 part 3
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About this solution

This is Chapter 9 Issue of Debentures of TS Grewal Edition 2023-24.

Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.

We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.

Also, we have followed the proper format and workings which are required as per CBSE Guidelines. Just follow our presentation of solutions and score good marks in Accountancy Board Exam.

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