[ISC] Q 50 Redemption of Debenture TS Grewal (2023-24)

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Solution of question number 50 of Redemption of Debenture Ts Grewal class 12 ISC Board (2023-24)

Galaxy Ltd., an unlisted (Non-NBFC or HFC) company, purchased its own 1,500; 11% Debentures of ₹ 100 each redeemable at 10% premium @ ₹ 95 per debenture.

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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Anurag Pathak
Anurag Pathak

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