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X ltd. Had issued 5000,10% debentures …

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X ltd. Had issued 5000,10% debentures if rs 100 each at a discount of 10% redemable after 4 yrs .As per the yerms and conditions of issue, debentures are redemable at par by conversuon into equity share .Discount on issue of debentures is weitten off uniformly over a period of 4 yrs .Deventures are redeemed on 31st march ,2018 by conversi9n into equity share of 100 rs issued at par . Pass necessary journal entries.

Posted by Deepika Goyal 8 years, 6 months ago

CBSE > Class 12 > Accountancy

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