Accountancy, asked by madee2047, 1 day ago

Anupama Ltd. Had issued 20,000, 9% Debentures of Rs.100 each which is due for redemption on 31st March 2018. The company has in its Debenture Redemption Reserve Account a balance of Rs.4,00,000. Record the necessary journal entries for the Redemption of Debentures.

Answers

Answered by jacobjeso77

Answer:

Rs.1,00,000 will be transferred from Surplus in Statement of P & L to Debenture Redemption Reserve A/c on 31st March, 2017. Debenture Redemption Investment made for Rs.3,00,000 on 30th April, 2017.

Explanation:

Rs.1,00,000 will be transferred from Surplus in Statement of P & L to Debenture Redemption Reserve A/c on 31st March, 2017. Debenture Redemption Investment made for Rs.3,00,000 on 30th April, 2017.

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