Question

On 31st March 2018 SS Ltd. had 50,000 10% debentures of * 100 each
outstanding. These debentures were due for redemption on 31st March,
2019. Debenture Rédemption Reserve has a balance of 5,00,000 on 31st
March, 2018.
Ignoring the entries for interest, pass the necessary journal entries for
redemption of debentures.​

Answer 1

X Ltd. Has 40,000,

9%

Debentures of Rs. 100 each outstanding as on 31st March, 2018. These debentures are due for redemption on 31st March, 2019. Debentures Redemption Reserve has a balance of Rs.