[ISC] Q 11 Redemption of Debenture TS Grewal (2023-24)

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Solution of question number 11 of Redemption of Debenture Ts Grewal class 12 ISC Board (2023-24)

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:-

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

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