[ISC] Q 20 Redemption of Debenture TS Grewal (2024-25)

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Solution of question number 20 of Redemption of Debenture Ts Grewal class 12 ISC Board (2024-25)

Global Bank Ltd. has outstanding 50,000, 8% Debentures of ₹ 100 each which are due for redemption on 31st March, 2023.

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Pass Journal entries for redemption of debentures.

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Solution:-

Note:-

It being a banking company, is not required to create DRR or make investment in specified securities.

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Anurag Pathak

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