[ISC] Q 40 Redemption of Debenture TS Grewal (2024-25)

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Solution of question number 40 of Redemption of Debenture Ts Grewal class 12 ISC Board (2024-25)

Drumbeats Ltd., an unlisted (Non-NBFC/HFC) company, has 1,00,000; 8% Debentures of ₹ 50 each due for redemption in five equal instalments starting from 30th June, 2023. Debenture Redemption Reserve has a balance of ₹ 1,00,000 on that date. Pass Journal entries.

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