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what are all the entries for issue of debentures and
redemption of debentures ?
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Answer Posted / nutan chavan
issue of debenture: bank a/c----Dr
To debenture A/c
on premium : bank A/c----Dr
To Premium On deb A/c
To Debenture A/c
Redemption : Redeemable Deb A/c ----Dr
Premium On Redemption A/c ----Dr
To Debenture holders A/c
For Claim Paid : Debentureholder A/c ---Dr
To Bank A/c
For Settlement : Gen Reserve A/c ---Dr
Profit & Loss A/c -----Dr
To Capital Redemption Reserve A/c
Premium on Redemption A/c ---Dr
To Securities Premium A/c
| Is This Answer Correct ? | 16 Yes | 7 No |
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