[ISC] Q 13, 14 Redemption of Debenture TS Grewal (2026-27)

Solution of question number 13 and 14 of Redemption of Debenture Ts Grewal class 12 ISC Board (2026-27)

Q. 13. Global Bank Ltd. has outstanding 50,000, 8% Debentures of ₹ 100 each which are due for redemption on 31st March, 2023.

Pass Journal entries for redemption of debentures.

Solution:-

Note:-

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

Q. 14. Pass necessary Journal entries in the books of Kotak Finance Ltd., a listed NBFC, for issue and redemption of Debentures in the following cases:

(i) 2,500, 8% Debentures of ₹ 100 each at a premium of ₹ 10, repayable at par.

(ii) 2,500, 7% Debentures of ₹ 100 each at a premium of 10%, repayable at premium of ₹ 10.

Solution:-

Case (i)

Case (ii)