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[ISC] Q. 28 Solution of Issue of Debentures TS Grewal ISC 2023-24 Edition

Question 28 of 50Chapter 8Class 12 · ISC✍ Vijay Adarsh

Step-by-step solution of Question 28, Chapter 8 Joint Stock Company – Issue of Debentures, TS Grewal Class 12 Accountancy 2023-24 for the ISC Board.

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Question 28

Pass Journal entries in the following cases:

  1. (a) Andy Ltd. issued 4,000; 12% Debentures of ₹ 100 each at a premium of 5% redeemable at par.
  2. (b) Grant Ltd. issued 4,000; 12% Debentures of ₹ 100 each at a discount of 10% redeemable at par.
  3. (c) Steve Ltd. issued 4,000; 12% Debentures of ₹ 100 each at par redeemable at 10% premium.
  4. (d) Mark Ltd. issued 4,000; 12% Debentures of ₹ 100 each at a discount of 5% and redeemable at 5% premium.
  5. (e) Sam Ltd. issued 4,000; 12% Debentures of ₹ 100 each at a premium of 10% redeemable at 110%.
TS Grewal Class 12 Issue of Debentures Question 28

Solution

Solution of Q 28 Issue of Debentures TS Grewal 2023-24 part 1
Solution of Q 28 Issue of Debentures TS Grewal 2023-24 part 2
Stuck on this chapter?Watch it explained in the Class 12 Accounts video courseEvery chapter, step by step, by Vijay Adarsh (23 years teaching).Watch free demo
Solution of Q 28 Issue of Debentures TS Grewal 2023-24 part 3
Solution of Q 28 Issue of Debentures TS Grewal 2023-24 part 4
Solution of Q 28 Issue of Debentures TS Grewal 2023-24 part 5
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About this solution

This is Chapter 8 Issue of Debentures of ISC 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 Guidelines Issued by the ISC Council. Just follow our presentation of solutions and score good marks in Accountancy Exam.

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