[ISC] Q 40 Redemption of Debenture TS Grewal (2023-24)
Solution of question number 40 of Redemption of Debenture Ts Grewal class 12 ISC Board (2023-24)
Venus Ltd., an unlisted (Non-NBFC/HFC) company, had 9,000, 9% Debenture of ₹ 100 each due for redemption. These debentures are to be redeemed in 3 equal instalments (starting from 31st March, 2021) at a premium of 10%. The Company had a balance of ₹ 25,000 in the Debenture Redemption Reserve.
Pass necessary entries for redemption, of debentures if company transfers the balance of DRR to General Reserve after redeeming all the 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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| 40 | Question – 40 |
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| 41 | Question – 41 |
| 42 | Question – 42 |
| 43 | Question – 43 |
| 44 | Question – 44 |
| 45 | Question – 45 |
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| 51 | Question – 51 |
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| 53 | Question – 53 |
| 54 | Question – 54 |
| 55 | Question – 55 |
