[ISC] Q 15, 16 Redemption of Debenture TS Grewal (2026-27)
Solution of question number 15 and 16 of Redemption of Debenture Ts Grewal class 12 ISC Board (2026-27)
Q. 15. Mansi Ltd, an unlisted (Non-NBFC/HFC) company, had 6,000; 10% Debentures of ₹ 100 each due for redemption on 31st March, 2022. As per the terms of issue, debentures were redeemed out of profits.
Pass necessary Journal entries for the redemption of debentures. There was a credit balance of ₹ 6,00,000 in Surplus, i.e., Balance in Statement of Profit & Loss.
Solution:-
Q. 16. Sun Chemicals Ltd. a listed public Limited Company is a manufacturer of chemical fertilisers having turnover of ₹ 50 crore. The company has issued 1,00,000; 10% Debentures of ₹ 100 each at par. Determine the amount of Debentures Redemption Reserve which shall be set aside to meet the requirement of law before redemption of the debentures.
Solution:-
NIL
Listed company are exempted to create DRR for the purpose of Redemption of Debenture.
