[ISC] Q 21 Redemption of Debenture TS Grewal (2023-24)

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Solution of question number 21 of Redemption of Debenture Ts Grewal class 12 ISC Board (2023-24)

Global Bank Ltd. has outstanding 50,000, 8% Debentures of ₹ 100 each which are due for redemption on 31st March, 2023.

Pass Journal entries for redemption of debentures.

Solution:-

Note:-

It being a banking company, is not required to create DRR or make investment in specified securities.

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

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