explain the sources of redemption of Debentures.?
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explain the sources of redemption of Debentures.?
The debentures to be redeemed are selected by draw of lots. Accounting entries for redemption of debentures are the same as passed in case debentures are redeemed out of profits. When all the debentures are redeemed, the balance in DRR account will be transferred to general reserve.
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The debentures to be redeemed are selected by draw of lots. Accounting entries for redemption of debentures are the same as passed in case debentures are redeemed out of profits. When all the debentures are redeemed, the balance in DRR account will be transferred to general reserve.
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