Question

18. On 1st April, 2011 a Public Limited Company issued 15,000, 10% Debentures of 100 each at par
which were repayable at a premium of 15% on 31st March, 2017. On the date of maturity, the
company decided to redeem the above mentioned 109. Debentures as per the terms of issue, ie.,
out of profits. The Surplus, e., Balance in Statement of Profit and Loss shows a credit balance of
120,00,000 on 30th April, 2016.
Pass the necessary journal entries in the books of the Company only for the redemption of Debentures.​

Answer 1

Answer:

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Explanation:

false

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Answer 2

Answer:

$\huge\mathfrak\red{hola dear}$

10% Debentures of 100 each at par

which were repayable at a premium of 15% on 31st March, 2017. On the date of maturity, the

company decided to redeem the above mentioned 109. Debentures as per the terms of issue, ie.,

Debentures as per the terms of issue, ie.,out of profits. The Surplus, e., Balance in Statement of Profit and Loss shows a credit balance of

120,00,000 on 30th April, 2016.

Pass the necessary journal entries in the books of the Company only for the redemption of Debentures.

Explanation:

false

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