[ISC] Q 22 Redemption of Debenture TS Grewal (2023-24)

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Solution of question number 22 of Redemption of Debenture Ts Grewal class 12 ISC Board (2023-24)

Pass necessary Journal entries in the books of Kotak Finance Ltd., a listed NBFC, for issue and redemption of Debentures in the following cases:

(i) 2,500, 8% Debentures of ₹ 100 each at a premium of ₹ 10, repayable at par.

(ii) 2,500, 7% Debentures of ₹ 100 each at a premium of 10%, repayable at premium of ₹ 10.

Solution:-

Case (i)

Case (ii)

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

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Anurag Pathak

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