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Solution of Q 54 Issue of Debentures TS Grewal 2023-24 [CBSE]

Question 54 of 56Chapter 9Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 54, Chapter 9 Issue of Debentures, TS Grewal Class 12 Accountancy 2023-24 for the CBSE Board.

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Question 54

On 1st April, 2018, Mathew Ltd. issued 10,000, 9% Debentures of ₹ 100 each at a discount of 5%, redeemable at a premium of 5%. These debentures were redeemable as follows:

  1. On 31st March, 2019 — 2,000 Debentures;
  2. On 31st March, 2020 — 5,000 Debentures;
  3. On 31st March, 2021 — 3,000 Debentures.

Prepare the Loss on Issue of Debentures Account, 9% Debentures Account and Premium on Redemption of Debentures Account for three years.

TS Grewal Class 12 Issue of Debentures Question 54 part 1
TS Grewal Class 12 Issue of Debentures Question 54 part 2

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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