[ISC] Q 30 Redemption of Debenture TS Grewal (2023-24)
Solution of question number 30 of Redemption of Debenture Ts Grewal class 12 ISC Board (2023-24)
Manish Ltd., an unlisted (Non-NBFC/HFC) company, issued ₹ 40,00,000; 8% Debentures of ₹ 100 each on 1st April, 2019. The terms of issue stated tht the debentures are to be redeemed at a premium of 5% on 30th June, 2021. The company decided to transfer ₹ 10,00,000 out of profits to Debentures Redemption Reserve on 31st March, 2020 and ₹ 2,00,000 on 31st March, 2021.
Pass Journal entries regarding the issue and redemption of debentures, DRR and Investment without providing for the interest or loss on issue of debentures.
Solution:-
Here is the list of all Solutions of Redemption of Debenture of TS Grewal class 12 ISC Board 2023-24.
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| 11 | Question – 11 |
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| 31 | Question – 31 |
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| 41 | Question – 41 |
| 42 | Question – 42 |
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| 51 | Question – 51 |
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| 55 | Question – 55 |
