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

Question 24 of 56Chapter 9Class 12 · CBSE✍ Vijay Adarsh

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

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Question 24

Anthony Ltd. issued 20,000, 9% Debentures of ₹ 100 each at 10% discount to Mithoo Ltd. from whom Assets of ₹ 23,50,000 and Liabilities of ₹ 6,00,000 were taken over. Pass entries in the books of Anthony Ltd., if these debentures were to be redeemed at 5% premium.

Solution

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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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