Accountancy, asked by Ankitdangi245, 23 hours ago

(Issue and Redemption of Debentures).
Y Ltd. Issued 50,000, `10%` Debentures of Rs. Each on 1st April, 2018 redeemable at par on 30th June, 2019. The company received applications for 55,000 debentures and the allotment was made to the applicants on prorata. The debentures were redeemed on date. Assume that required investment was made 1st April of the financial year in which redemption is due interest on debentures.

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Answered by dreamgirlmegha

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refer the attachment plz

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