[ISC] Q 10 Redemption of Debenture TS Grewal (2023-24)

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Solution of question number 10 of Redemption of Debenture Ts Grewal class 12 ISC Board (2023-24)

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:-

Here is the list of all Solutions of Redemption of Debenture of TS Grewal class 12 ISC Board 2023-24.

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Anurag Pathak

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