Q.32 Solution Issue of Debentures TS Grewal Book Class 12 CBSE
Step-by-step solution of Question 32, Chapter 9 Issue of Debentures, TS Grewal Class 12 Accountancy 2024-25 for the CBSE Board.
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:
- (i) When company decided not to record the issue of 10% Debentures as Collateral Security.
- (ii) When company decided to record the issue of 10% Debentures as Collateral Security.
Solution
All questions of Chapter 9
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About this solution
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