AB Ltd. has 5,00,000, 9% debentures outstanding on 1 st January 2006. The company has been redeeming

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AB Ltd. has ₹5,00,000, 9% debentures outstanding on 1^st January 2006. The company has been redeeming every year on 1st January ₹1,00,000 debentures by drawings by lot, at par. Pass necessary journal entries:

(a). If the redemption is out of profits.

(b). If the redemption is out of capital.

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Corporate Accounting

ISBN: 9789353160739

1st Edition

Authors: Anita Raman, P. Radhika

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Question Posted: Aug 31, 2023 12:11 PM

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AB Ltd. has 5,00,000, 9% debentures outstanding on 1 st January 2006. The company has been redeeming

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Date 01012006 Date 01012006 Journal Entries a If th...View the full answer

Corporate Accounting

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