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On 1st April, 2014, following were the balances of Blue Bird Ltd. 10% Debentures (redeemable on 30th September, 2017) – ₹ 15,00,000 Debentures Redemption Reserve – ₹ 2,00,000 The company met the requirements of the Companies Act, 2013 regarding Debentures Redemption Reserve and Investment and redeemed the debentures. Pass necessary journal entries for the above transactions in the books of the company.

Answer»

On 1st April, 2014, following were the balances of Blue BIRD Ltd.10% Debentures (redeemable on 30th September, 2017) – ₹ 15,00,000Debentures REDEMPTION Reserve – ₹ 2,00,000The company MET the requirements of the Companies Act, 2013 regarding Debentures Redemption Reserve and Investment and redeemed the debentures.Pass necessary journal entries for the above transactions in the BOOKS of the company. I will be there at your question my number is 8526953190.. contact if any query



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