[ISC] Q 43 Redemption of Debenture TS Grewal (2023-24)

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Solution of question number 43 of Redemption of Debenture Ts Grewal class 12 ISC Board (2023-24)

Hemco Ltd. an unlisted (Non-NBFC (HFC) company issued 10,000; 10% Debentures of ₹ 100 each at par on 1st April, 2017 redeemable at 5% premium in three yearly instalments by draw of lots as follows:

On 1st March, 20211,000 Debentures
On 1st August, 20212,000 Debentures
On 1st March, 20223,000 Debentures

The company complied with the legal requirement with respect to DRR and investment (made in Government Securities on 1st April).

Pass Journal entries for Issue and Redemption of 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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