1.

Nirbhai Chemicals Ltd.issued ₹ 10,00,000; 6% Debentures of ₹ 50 each at a premium of 8% on 30th June, 2017 redeemable on 30th June, 2018. The issue was fully subscribed. Pass journal entries for issue and redemption of debentures. How much amount should be transferred to Debentures Redemption Reserve before redemption of debentures? Also, state how much amount should be invested in specified securities ?

Answer»

Nirbhai Chemicals Ltd.issued ₹ 10,00,000; 6% Debentures of ₹ 50 each at a premium of 8% on 30th June, 2017 redeemable on 30th June, 2018. The issue was fully SUBSCRIBED. Pass journal entries for issue and redemption of debentures. How MUCH amount should be transferred to Debentures Redemption RESERVE before redemption of debentures? ALSO, STATE how much amount should be invested in specified securities ?I will be there at your question my number is 9636215750



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