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18. On 31st March, 2018, W Ltd, had the following balances in its books:9% Debentures76,00,000Debenture Redemption Reserve1,00,000Debenture Redemption Investment45,000On that date, the company decided to transfer required amount to debenture redemption reserveand redeemed debentures of worth 3,00,000. Pass necessary journal entries in the books of thecompany |
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Answer» tion:18. On 31st March, 2018, W Ltd, had the following balances in its books:9% Debentures76,00,000Debenture Redemption Reserve1,00,000Debenture Redemption Investment45,000On that date, the company decided to transfer required AMOUNT to DEBENTURE redemption reserveand REDEEMED debentures of WORTH 3,00,000. PASS necessary journal entries in the books of thecompany |
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