[ISC] Q 49 Redemption of Debenture TS Grewal (2023-24)
Solution of question number 49 of Redemption of Debenture Ts Grewal class 12 ISC Board (2023-24)
Star Steads Ltd., a listed company, purchased its own 1,000; 10% Debentures of ₹ 100 each @ ₹ 100 from open market for immediate cancellation. As per the terms of issue, these debentures were redeemable at 5% premium.
Pass necessary Journal entries for purchase and cancellation 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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| 41 | Question – 41 |
| 42 | Question – 42 |
| 43 | Question – 43 |
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| 48 | Question – 48 |
| 49 | Question – 49 |
| 50 | Question – 50 |
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| 51 | Question – 51 |
| 52 | Question – 52 |
| 53 | Question – 53 |
| 54 | Question – 54 |
| 55 | Question – 55 |
