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Debenture out of profit means?

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Debenture out of profit means?

Posted by Abhishek Garg 5 years, 1 month ago

CBSE > Class 12 > Accountancy

2 answers

Rajip Chowdhury 5 years, 1 month ago

It means that Debentures r to be redeemed out of profit which means 100% drr can be created that is drr equal to the face value of Debenture. If balance exists in drr then for remaining balance drr will be created.

Mohd Affan Shah 5 years, 1 month ago

It means that drr will be created out of the full value of Debentures and if drr is given already the difference between drr and full face value of Debentures will be taken as drr and also full value Debentures will be trans to general reserve

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