Answer to Question #125436 in Statistics and Probability for Amra

Question

Paras Ltd. issued 40000, 11% debentures of 100 rupees each on 1st April 2015. Half of the debentures were due for redemption on 31st March 2019. The company decided to transfer the minimum required amount to Debenture Redemption Reserve on 31st March, 2018 and invested the necessary amount in debenture Redemption Investments on 30th April, 2018. Pass the necessary journal entries for Redemption of Debentures.

Answer 1

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