On 1st April, 2014, following were the balances of Blue Bird Ltd. 10% Debentures (redeemable on

Question 1

On 1st April, 2014, following were the balances of Blue Bird Ltd. 10% Debentures (redeemable on 30th September, 2017) – Rs. 15,00,000 Debentures Redemption Reserve – Rs 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.

Question 2

Working Note:

Note: Interest on debentures has been ignored as the question was silent.

However, the students, may pass the following entries given below for their reference.

kratos · Answer 1 · 2020-06-02T11:16:53+0000

Working Note:

Note: Interest on debentures has been ignored as the question was silent.

However, the students, may pass the following entries given below for their reference.

On 1st April, 2014, following were the balances of Blue Bird Ltd. 10% Debentures (redeemable on

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

On 1st April, 2014, following were the balances of Blue Bird Ltd. 10% Debentures (redeemable on

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

Related questions