On 31st january 2005, vinod limited converted its `88,00,000, 6% debentures into equity shares of `20 each at a premium of `2 per share. Pass the necessary journal entries in the books of the company for the redemption of debentures.
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On 31st january 2005, vinod limited converted its `88,00,000, 6% debentures into equity shares of `20 each at a premium of `2 per share. Pass the necessary journal entries in the books of the company for the redemption of debentures.
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