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B ltd. redeemed 600, 15% debentures …

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B ltd. redeemed 600, 15% debentures of rs 100 each which were issued at a discount of 2% by converting them into equity shares of rs 10 each at a premium of rs 5 per share

Posted by Bawleen Kaur 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Manish Bansal 8 years, 4 months ago

15%debenture a/c Dr 60000 To statement of P&l a/c 1200 To debenture holder a/c 58800 Debenture holder a/c Dr 58800 To E/S capital a/c (3920*10) 39200 To S.P.R. A/C (3920*5) 19600

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