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[ISC] Q. 29 Solution of Issue of Debentures TS Grewal ISC 2023-24 Edition

Question 29 of 50Chapter 8Class 12 · ISC✍ Vijay Adarsh

Step-by-step solution of Question 29, Chapter 8 Joint Stock Company – Issue of Debentures, TS Grewal Class 12 Accountancy 2023-24 for the ISC Board.

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Question 29

Care Cosmetics Ltd. issued 50,000; 9% Debentures of ₹ 10 each on 1st April, 2022 redeemable at a premium of 10% after 10 years. According to the terms of issue ₹ 4 is payable on application and balance on allotment of debentures. Record necessary Journal entries regarding issue of debentures.

TS Grewal Class 12 Issue of Debentures Question 29

Solution

Solution of Q 29 Issue of Debentures TS Grewal 2023-24 part 1
Solution of Q 29 Issue of Debentures TS Grewal 2023-24 part 2
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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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