Question

what is meant by redemption of debentures by purchase in the open market​

Answer 1

Explanation:

According to companies Act, a company can redeem its debentures by purchasing them in the open market. ... If the company purchases the debentures at a premium, the amount paid in excess of the face value will be debited to 'loss on redemption of debentures' which will be transferred to profit and loss account and closed.........

Answer 2

Answer:

google par search maaro bhai...

According to companies Act, a company can redeem its debentures by purchasing them in the open market. If the company purchases the debentures at a premium, the amount paid in excess of the face value will be debited to 'loss on redemption of debentures' which will be transferred to profit and loss account and closed.