Global Bank Ltd. has outstanding 50,000, 8% Debentures of ₹ 100 each which are due for redemption on 31st March, 2023

1.05K viewsNovember 2, 2023Redemption of Debentures

Anurag Pathak28.65K November 2, 2023 0 Comments

Global Bank Ltd. has outstanding 50,000, 8% Debentures of ₹ 100 each which are due for redemption on 31st March, 2023.

Pass Journal entries for redemption of debentures.

Anurag Pathak Changed status to publish November 2, 2023

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Anurag Pathak28.65K Posted November 2, 2023 0 Comments

Solution:-

Note:- It being a banking company, is not required to create DRR or make investment in specified securities.

Anurag Pathak Changed status to publish November 2, 2023

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Global Bank Ltd. has outstanding 50,000, 8% Debentures of ₹ 100 each which are due for redemption on 31st March, 2023

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Anurag Pathak

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Anurag Pathak

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