Reflect Ltd. issued 1500010 % debentures of 100 each at par on 1st April, 2013 redeemable 5% premium in three equal yearly installments by draw of lots as follows:
On 31st March, 2015
On 31st March, 2016
On 31st March, 2017
3,000 debentures
6,000 debentures
6,000 debentures
company complied with the legal requirements with respect to Debenture Redemption Reserve and Investments
The
You are required to prepare the necessary ledger accounts. Ignore interest and tax.
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each at par on 1st April, 2013 redeemable 5% premium in three equal yearly installments by 3,000 debentures
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