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LoginOn 1st April, 2011, F Ltd. Issued Rs.40,00,000, 7% Debentures of Rs.100 each at a premium of 5% redeemable at a premium of 10% at the end of 4 years. Investment as required by law was made in fixed depositof the bank on 30th April earning interest @6% p.a.
Pass journal entries at the time of Redemption of Debentures.
Class 12 Accounts in Class 12 3 years ago
Note : INTEREST on investment will be calculated for 11 MONTHS.
Posted on 04 Dec 2021, this text provides information on Class 12 related to Accounts in Class 12. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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