Solution of Q 38 Issue of Debentures TS Grewal 2022-23 [CBSE]
Step-by-step solution of Question 38, Chapter 10 Company Accounts – Issue of Debentures, TS Grewal Class 12 Accountancy 2022-23 for the CBSE Board.
Question 38
Bright Ltd. issued 5,000; 10% Debentures of ₹ 100 each on 1st April, 2021. The issue was fully subscribed. As per the terms of issue, interest on the debentures is payable half-yearly on 30th September and 31st March.
Pass necessary Journal entries related to the debenture interest for the year ending 31st March, 2022 and transfer of interest on debentures of the year to the Statement of Profit & Loss.
Solution
All questions of Chapter 10
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About this solution
This is Chapter 10 Issue of Debentures of TS Grewal Edition 2022-23.
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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