Question

Priya Ltd. Issued 30,000, 8% debentures of Rs.200 each on August 1, 2011 redeemable as follows :
`"On 31st March, 2015 6,000 Debentures"`
`"On 31st March, 2016 7,000 Debentures"`
`"On 31st March, 2017 7,000 Debentures"`
`"On 31st March, 2018 10,000 Debentures"`
It was decided to transfer Rs.4,00,000 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:

2018

Explanation:

On 31st March, 2018 10,000 Debentures"` hy