Question

Hari Retail Ltd., an unlisted Non-NBFC/HFC company, had 10,000, 8% Debentures of
100 each outstanding as on 31st March, 2019. The debentures were due for redemption
Note:
tures Redemption Reserve.
as follows:
On 31st October, 2020
3,000,8% Debentures;
On 31st March, 2022
4,000, 8% Debentures; and
On 30th September, 2023
3,000, 8% Debentures.
Pass the necessary Journal entries for redemption of debentures for the three years, when the
company does not realise investment on each redemption.​

Answer 1

Answer:

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