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Shakti Enterprises Ltd. issued 30,000; 8% Debentures of ₹ 100 each on 1st October, 2014 redeemable in five equal annual installments starting with 31st March, 2018. The Board decides to transfer to Debentures Redemption Reserve ₹ 50,000 and ₹ 4,00,000 on 31st March 2015 and 2016 respectively and balance required to be transferred to Debentures Redemption Reserve on 31st March, 2017. Pass journal entries. |
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Answer» Shakti Enterprises LTD. issued 30,000; 8% Debentures of ₹ 100 each on 1st October, 2014 redeemable in FIVE equal annual installments starting with 31st March, 2018. The Board decides to transfer to Debentures Redemption Reserve ₹ 50,000 and ₹ 4,00,000 on 31st March 2015 and 2016 RESPECTIVELY and balance REQUIRED to be transferred to Debentures Redemption Reserve on 31st March, 2017. Pass JOURNAL entries. I will be there at your question my number is 956678856 |
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