[ISC] Q 13 Redemption of Debenture TS Grewal (2023-24)
Solution of question number 13 of Redemption of Debenture Ts Grewal class 12 ISC Board (2023-24)
Sherry Ltd. (a listed NBFC) has 50,000, 6% Debentures of ₹ 100 each due for redemption on 31st March, 2022. It invested in Debentures Redemption Investments on 1st April, 2021 and realised it at 105% and redeemed the debentures.
Determine the sale of value of investments.
Solution:-
Debentures Redemption Investment = 50,00,000 ✕ 15% = ₹ 7,50,000
Debenture Redemption Investment Realised = 7,50,000 ✕ 105% = ₹ 7,87,500
Here is the list of all Solutions of Redemption of Debenture of TS Grewal class 12 ISC Board 2023-24.
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