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

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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:

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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