[ISC] Q 37 Redemption of Debenture TS Grewal (2024-25)

Share your love

Solution of question number 37 of Redemption of Debenture Ts Grewal class 12 ISC Board (2024-25)

Mahima Ltd., an unlisted (Non-NBFC/HFC) company, issued ₹ 38,00,000, 9% Debentures of ₹ 100 each on 1st April, 2019. The debentures were redeemable at a premium of 5% on 30th June, 2023. The company transferred an amount of ₹ 3,80,000 to Debentures Redemption Reserve on 31st March, 2023. Investments as required by law were made in fixed deposit of a bank on 1st April, 2023.

commerceschool.in

Ignoring interest on fixed deposit, pass necessary Journal entires starting from 31st March, 2023 regarding redemption of debentures.

commerceschool.in

Solution:-

Share your love
Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his Youtube channel for free lectures

Articles: 7197

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending now

Assertion Reason MCQs of Accounting for Partnership Firm Fundamentals with answers Class 12
[ISC] TS Grewal Solutions Accounts class 12 (2022-23)
[CBSE] TS Grewal Solutions Class 12 [2023-24] Accounts
[CBSE] TS Grewal Solutions Class 12 (2022-23) Accounts
x