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LoginOn 1st April, 2013, the following balances appeared in the books of Blue and Green Ltd. :
12% Debentures (Redeemable on 31st August, 2015) Rs.20,00,000
Debenture Redemption Reserve Rs.2,00,000
The company met the requirements of Companies Act, 2013 regarding Debenture Redemption Reserve and Debenture Redemption investments and redeemed the debentures.
Ignoring interest on investments, pass necessary Journal entries for the above transactions in the books of company.
Class 12 Accounts in Class 12 3 years ago
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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