[ISC] Q 20 Redemption of Debenture TS Grewal (2023-24)

Solution of question number 20 of Redemption of Debenture Ts Grewal class 12 ISC Board (2023-24)

Barua Ltd. (a listed NBFC) redeems its 9,000, 10% Debentures of ₹ 100 each in instalments as follows:

Date of Redemption	Debentures to be Redeemed
31st March, 2020	3,000
31st March, 2021	5,000
31st March, 2022	1,000

You are required to prepare the Debenture Redemption Investment Account for the years 2020 – 21 and 2021-22.

Solution:-

Hint:-

(i) DRI = 15% of ₹ 3,00,000 = ₹ 45,000

(2) DRI = 15% of ₹ 5,00,000 = ₹ 75,000. As 45,000 is already invested, rest ₹ 30,000 is further invested to make it equal to 15% of ₹ 5,00,000.

(3) DRI – 15% of 1,00,000 = ₹ 15,000. As 75,000 is already invested, thus ₹ 60,000 invested would be realised to make it equal to 15% of ₹ 1,00,000.

(4) Rest of the investment ₹ 15,000 realised at the last installment of the redemption of debentures.

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

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