[ISC] Q 26 Redemption of Debenture TS Grewal (2024-25)

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Solution of question number 26 of Redemption of Debenture Ts Grewal class 12 ISC Board (2024-25)

On 31st March, 2022, Geekay Ltd., an unlisted (Non-NBFC or HFC) company, had outstanding ₹ 8,00,000; 9% Debentures due for redemption. The company had a balance of ₹ 20,000 in its Debentures Redemption Reserve. Pass necessary Journal entries for redemption of debentures.

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