Solution of Q 43 Issue of Debentures TS Grewal 2023-24 [CBSE]
Step-by-step solution of Question 43, Chapter 9 Issue of Debentures, TS Grewal Class 12 Accountancy 2023-24 for the CBSE Board.
Question 43
Pawan Hans Ltd. issued on 1st July, 2022, 10,000, 7% Debentures of ₹ 100 each for subscription at 10% premium payable ₹ 40 on application and balance on allotment. The debentures were subscribed and due amounts were received. Interest was payable on 31st March each year.
Pass the Journal entry for issue of debentures and interest for the year ended 31st March, 2023 and transfer the interest to Statement of Profit & Loss.
Solution
All questions of Chapter 9
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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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