[ISC] Q 37 Redemption of Debenture TS Grewal (2023-24)

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Solution of question number 37 of Redemption of Debenture Ts Grewal class 12 ISC Board (2023-24)

On 1st April, 2021 the following balances appeared in the books of Blue & Green Ltd., an unlisted (Non-NBFC/HFC) company;

12% Debentures (Redeemable on 31st August, 2022)20,00,000
Debentures Redemption Reserve1,00,000

The company met the requirements of Companies Act, 2013 regarding Debentures Redemption Reserve and Debentures Redemption Investments and redeemed the debentures.

Ignoring interest on investments, pass necessary Journal entries for the above transactions in the books of company.

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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Anurag Pathak

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