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On 1st April, 2013 the following balances appeared in the books of Blue and Green Ltd.: 12 % Debentures (Redeemable on 31st August, 2015) – ₹ 20,00,000 Debentures Redemption Reserve – ₹ 2,00,000. The company met the requirements of Companies Act, 2013 regarding Debentures Redemption Reserve and Debentures Redemption Investments and redeemed the debentures. Ignoring interest on investments, pass necessary journal entries for the above transactions in the books of company.

Answer»

On 1st April, 2013 the FOLLOWING balances APPEARED in the books of Blue and GREEN Ltd.:12 % Debentures (Redeemable on 31st August, 2015) – ₹ 20,00,000Debentures Redemption Reserve – ₹ 2,00,000.The company met the requirements of Companies Act, 2013 regarding Debentures Redemption Reserve and Debentures Redemption Investments and REDEEMED the debentures.Ignoring interest on investments, pass necessary JOURNAL entries for the above transactions in the books of company. I will be there at your question my number is 9783568257 contact if any



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