Rich Proteins Ltd., an unlisted (Non-NBFC/HFC) company, issued ₹ 20,00,000, 8% Debentures divided into debentures of ₹ 100 each on

686 viewsMarch 18, 2024Redemption of Debentures

Anurag Pathak24.20K November 4, 2023 0 Comments

Rich Proteins Ltd., an unlisted (Non-NBFC/HFC) company, issued ₹ 20,00,000, 8% Debentures divided into debentures of ₹ 100 each on 1st April, 2015, redeemable in four equal annual instalments starting from 31st March, 2023. The company decided to transfer ₹ 1,00,000 to Debentures Redemption Reserve each year on 31st March, 2021 and 2022.

The company invested in Government securities as required by the Companies Act, 2013 on 1st April, 2022 to be realised on last redemption.

Pass necessary Journal entries for the above transactions.

Anurag Pathak Changed status to publish November 4, 2023

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Anurag Pathak24.20K Posted November 4, 2023 0 Comments

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Anurag Pathak Changed status to publish March 18, 2024

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Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

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