Question

REDEMPTION BY DRAW OF LOTS
9. Puja Lid, issued 3.000, 10% debentures of 1,000 each at par on 1 April, 2018 redeemable
in three equal hall-yearly instalments by draw of lots beginning 30" September, 2019. The
company complied with the requirements of the Companies Act, 2013 with respect to
Pass the Journal entries assuming the investment was encashed each time the debentures
bank on inic
Dobenture Redemption Reserve,
were redeemed, (Ignore Interst).
(Ans. General Reserve 7,50,000)
teher​

Answer 1

Explanation:

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