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Solution of Q 40 Issue of Debentures TS Grewal 2022-23 [CBSE]

Question 40 of 49Chapter 10Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 40, Chapter 10 Company Accounts – Issue of Debentures, TS Grewal Class 12 Accountancy 2022-23 for the CBSE Board.

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Question 40

Kitply Ltd. issued ₹ 2,00,000, 10% Debentures at a discount of 5%. The terms of issue provide the repayment at the end of 4 years. Kitply Ltd. has a balance of ₹ 5,00,000 in Securities Premium.

Pass the Journal entries for issue of debentures and writing off the discount.

TS Grewal Class 12 Issue of Debentures Question 40

Solution

Solution of Q 40 Issue of Debentures TS Grewal 2022-23
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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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