Question

Priya lmt.(an unlisted company) issued 30000,8% debentures of 200 each on Aug 1,2011.redeemable as follows:
On 31st March, 2015
On 31st March, 2016
On 31st March, 2017
On 31st March, 2018
6,000 Debentures
7,000 Debentures
7,000 Debentures
10,000 Debentures
It was decided to transfer 1,75,000 each to Debenture Redemption Reserve on
March 31, 2012 and March 31, 2013 and balance required to be transferred to
Debenture Redemption Reserve on March 31, 2014. Record necessary journal entries.
Ignore entries for payment of interest.​

Answer 1

Answer:

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