Babu Ltd., redeemed 2,88,000 15% Debentures of 100 each at 102% by converting them into 16% Debentures

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Babu Ltd., redeemed ₹2,88,000 15% Debentures of ₹100 each at 102% by converting them into 16% Debentures at 96%. Journalise the transactions.

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Corporate Accounting

ISBN: 9789353160739

1st Edition

Authors: Anita Raman, P. Radhika

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Question Posted: Aug 31, 2023 12:11 PM

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TTK Ltd. redeemed 4,000 15% Debentures of 100 each which were issued at a discount of 5% by converting them into equity shares of 10 each issued at a premium of 25%. Journalise the transactions.
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Babu Ltd., redeemed 2,88,000 15% Debentures of 100 each at 102% by converting them into 16% Debentures

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Sr No Accounts Debit Credit 1 Debenture ...View the full answer

Corporate Accounting

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