[ISC] Q 9 Redemption of Debenture TS Grewal (2024-25)
Solution of question number 9 of Redemption of Debenture Ts Grewal class 12 ISC Board (2024-25)
Paritosh Ltd. (an unlisted manufacturing company) had following balances as on 1st April, 2022:
| 8% Debentures (to be redeemed on 30th September, 2023) | ₹ 5,00,000 |
| Debentures Redemption Reserve | ₹ 1,50,000 |
The company transferred the required amount to Debentures Redemption Reserve on 31st March, 2023.
It also met the requirement of investment in Debentures Redemption Investment.
Prepare Debentures Redemption Reserve Account for the years 2022 – 23 and 2023 – 24.
Solution:-
