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A company redeemed 1,000; 8% Debentures of Rs.100 each by converting them to 12% preference shares of Rs.

+1 vote

asked Oct 13, 2018 in Class 12 by kratos

A company redeemed 1,000; 8% Debentures of Rs.100 each by converting them to 12% preference shares of Rs.100 each at 25% premium. Give Journal entries.

class-12
redemption of debentures
company account

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1 Answer

+2 votes

answered Feb 8, 2021 by kratos

Best answer

Journal

Working Note :

= 800 shares

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