Question

face value of
re
9.
to be redeemed towards Debenture Redemption Investment on 30th April, 2019.
Pass the necessary Journal entries for the issue and redemption of these decreto
[Ans. Debenture Redemption Investment made for * 1,50,000 on 30.4.2019, Creative
3A. Reliance Petro Chemicals Ltd. issued 1,00,000 12% Debentures of 100 each
10% Government Securities on 30th April, 2019. How much amount of them
Redemption Reserve should be created before redemption of debentures begina 1
1, 2010 redeemable at par after 10 years. Assume that required investment was
redemption of debentures if debentures are to be redeemed in lump-sum at the end
redeemable at premium of 10% out of profits. Give Journal entries at the
Reserve on 31st December, 2019. It was also decided to invest the required am
year. The Directors decided to transfer the required amount to Debenture Reser
(Ans. DRI 3,000, Payment to Debentureholders 22,000, Creation of DRR 5,000
Reserve on 1st April, 2019. It was also
expiry of three years.
*2,50,000, Payment to Debentureholders 10,50,000.)
necessary Journal entries at the time of redemption of debentures.
(Ans. Create DRR with 25,000]
3B. XYZ Ltd. issued 200, 15% debentures of 100 each on January 1, 2016 at
Debenture Redemption Investment.
a
discount
3C. On 1st April, 2013 Anushka Ltd. issued 70,00,000, 9% debentures of ? 100 each
redeemable at a premium of 5% on 31st March, 2018. The company created the
minimum amount of debenture redemption reserve and purchased debenture re
reserve investments. The debentures were redeemed on 31st March, 2018
Pass necessary journal entries for the redemption of debentures, in the boo
company.
(CBSE​

Answer 1

Answer:

Don't know

Explanation:

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