[ISC] Q 9, 10 Redemption of Debenture TS Grewal (2026-27)
Solution of question number 9 and 10 of Redemption of Debenture Ts Grewal class 12 ISC Board (2026-27)
Q. 9. Paritosh Ltd. (an unlisted manufacturing company) had following balances as on 1st April, 2021:
| 8% Debentures (to be redeemed on 30th September, 2022) | ₹ 5,00,000 |
| Debentures Redemption Reserve | ₹ 1,50,000 |
The company transferred the required amount to Debentures Redemption Reserve on 31st March, 2022.
It also met the requirement of investment in Debentures Redemption Investment.
Prepare Debentures Redemption Reserve Account for the years 2021 – 22 and 2022 – 23.
Solution:-
Q. 10. Nirbhai Chemicals Ltd, a listed company, issued ₹ 10,00,000; 6% Debentures of ₹ 50 each at a premium of 8% on 30th June, 2022 redeemable on 30th June, 2023. The issue was fully subscribed. Pass Journal entries for issue and redemption of debentures. How much amount should be transferred to Debentures Redemption Reserve before redemption of debentures? Also, state how much amount should be invested in sepecified securities.
Solution:-
