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On 31st March, 2018, W Ltd. had the following balances in its books: ₹ 9% Debentures 6,00,000 Debentures Redemption Reserve 50,000 Surplus,i.e., Balance in Statement of Profit and Loss 3,00,000 On that date, the company decided to transfer ₹ 1,00,000 to Debentures Redemption Reserve. It also decided to redeem debentures of ₹ 3,00,000 on 30th June, 2018.Pass necessary Journal entries in the books of the company. |
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Answer»
On that date, the company decided to transfer ₹ 1,00,000 to Debentures Redemption Reserve. It also decided to redeem debentures of ₹ 3,00,000 on 30th June, 2018. Pass necessary Journal entries in the books of the company. |
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