[ISC] Q. 43 Issue of Debentures solution TS Grewal Class 12 (2023-24)

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Solution of Question number 43 of the Issue of Debentures Chapter of TS Grewal Book ISC Board 2023-24 session?

A company issued 15,000, 10% Debentures of ₹ 100 each on 1st April, 2019 at a discount of 6% redeemable at par by drawing method as follows:

Date of RedemptionAmount of Redemption (Face Value)
31st March, 2021₹ 5,00,000
31st March, 2022₹ 5,00,000
31st March, 2023₹ 5,00,000

Calculate the amount of discount which should be transferred to the Statement of Profit & Loss.

Solution:-

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Anurag Pathak

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