Mahima Ltd issued Rs 3800,000, 99 debentures of Rs. 100 each on 1st April, 2013. Thedebentures were redeemable at a premium of 5% on 30th June, 2015. The companytransferred an amount of Rs. 9.50,000 to debenture redemption reserve on 31st March, 2015.Investments as required by law were made in fixed deposit of a bank on 1st April, 2015. Ignoring interest on fixed deposit pass necessary journal entries starting from 31st March,2015 regarding redemption of debentures.
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Mahima Ltd. Issued Rs. 38,00,000,
Debentures of Rs. 100 each on 1st April, 2013. The debentures were redeemable at a premium of
on 30th June 2015. The company transferred an amount of Rs. 9,50,000 to Debentures Redemption Reserve on 31st March, 2015. Investments as required by law were made in fixed deposit of a bank on 1st April, 2015. <br> Ignoring interest on fixed deposit, pass necessary Journal entries starting form 31st March, 2015 regarding
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