Question

8. On 1st April, 2013, Rayon Ltd. issued 2,000, 11% Debentures of 100 each at a discount of 10%
redeemable at par on 31st March, 2017. The issue was fully subscribed. To meet the provisions of
the Companies Act, 2013, the Board of Directors decided to transfer 30,000 to Debenture
Redemption Reserve on 31st March, 2014, and the balance on 31st March, 2015. On 1st April,
2016, the company made the required investment in government securities.
The investments were encashed and the debentures were redeemed on the due date.
You are required to pass journal entries for issue and redemption of debentures ignoring interest
on debentures​

Answer 1

Explanation:

Immunization is a way of preventing a person from getting a disease. This is done by making the person's body come into contact with a bit of the disease so that the body learns how to fight it. The body's ability to fight off a disease is called its immune system. The material is known as an immunogen.