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On 1st April, 2013 the following …

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On 1st April, 2013 the following balances appeared in the books of Vinod Limited: 12% Debentures (Redeemable on 31st August, 2015) ………. Rs.20,00,000 Debenture Redemption Reserve ………….Rs.2,00,000 The company met the requirements of Companies Act, 2013 regarding Debenture Redemption Reserve and Debenture Redemption Investments and redeemed the debentures. Ignoring interest on investments pass necessary journal entries for the above transactions in the books of the company. O

Posted by Harshana Shrestha 5 years, 3 months ago

CBSE > Class 12 > Accountancy

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