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Rich sugar Ltd. issued ₹ 20 Lakh, 8% Debentures divided into debentures of ₹ 100 each on 1st April, 2013, redeemable in four equal annual installments starting from 31st March, 2016. The company decided to transfer to Debentures Redemption Reserve ₹ 2,50,000 each year on 31st March, 2014 and 2015. The company invested ₹ 3,00,000 in Government securities as required by the Companies Act, 2013. Pass necessary journal entries for the above transactions.

Answer»

gar Ltd. issued ₹ 20 Lakh, 8% Debentures divided into debentures of ₹ 100 each on 1st April, 2013, redeemable in FOUR equal annual INSTALLMENTS starting from 31st March, 2016. The company DECIDED to transfer to Debentures Redemption Reserve ₹ 2,50,000 each year on 31st March, 2014 and 2015.The company invested ₹ 3,00,000 in GOVERNMENT securities as required by the Companies Act, 2013.Pass necessary journal entries for the above transactions. I will be there at your question my NUMBER is 685953268contact



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