Accountancy, asked by rizzubaig8053, 11 months ago

Hp Ltd. has 1,00,000; 8% Debentures of ₹ 50 each due for redemption in five equal annual installments starting from 30th June, 2015. Debentures Redemption Reserve has a balnce of ₹ 5,00,000 on that date. Pass journal entries.

Answers

Answered by meher786

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Answer:

wait I will upload it....

Answered by aburaihana123

0

The necessary journal entries for the above transactions in the books of company are prepared below:

Explanation:

Given,

Hp Ltd. has 1,00,000;

8% Debentures of ₹ 50 each due for redemption in five equal annual installments starting from 30th June, 2015.

Debentures Redemption Reserve has a balnce of ₹ 5,00,000 on that date.

The necessary journal entries for the above transactions in the books of company are prepared below:

Attachments:

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