[ISC] Q 40 Redemption of Debenture TS Grewal (2023-24)

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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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Anurag Pathak

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