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Solution of Q 42 Issue of Debentures TS Grewal 2023-24 [CBSE]

Question 42 of 56Chapter 9Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 42, Chapter 9 Issue of Debentures, TS Grewal Class 12 Accountancy 2023-24 for the CBSE Board.

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Question 42

On 1st April, 2022, V.V.L. Ltd. issued 1,000, 9% Debentures of ₹ 100 each at a discount of 6%, redeemable at a premium of 10% after three years. Pass necessary Journal entries for the issue of debentures and debenture interest for the year ended 31st March, 2023, assuming that interest is payable on 30th September and 31st March. The company closes its books on 31st March every year.

TS Grewal Class 12 Issue of Debentures Question 42

Solution

Solution of Q 42 Issue of Debentures TS Grewal 2023-24 part 1
Solution of Q 42 Issue of Debentures TS Grewal 2023-24 part 2
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Solution of Q 42 Issue of Debentures TS Grewal 2023-24 part 3
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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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