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Hemco Ltd. an unlisted (Non-NBFC (HFC) company issued 10,000; 10% Debentures of ₹ 100 each at par on 1st April, 2017 redeemable at 5% premium in three yearly instalments by draw of lots as follows

1.49K viewsNovember 5, 2023Redemption of Debentures

Anurag Pathak28.65K November 5, 2023 0 Comments

Hemco Ltd. an unlisted (Non-NBFC (HFC) company issued 10,000; 10% Debentures of ₹ 100 each at par on 1st April, 2017 redeemable at 5% premium in three yearly instalments by draw of lots as follows:

On 1st March, 2021	1,000 Debentures
On 1st August, 2021	2,000 Debentures
On 1st March, 2022	3,000 Debentures

The company complied with the legal requirement with respect to DRR and investment (made in Government Securities on 1st April). Pass Journal entries for Issue and Redemption of debentures.

Anurag Pathak Changed status to publish November 5, 2023

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Anurag Pathak28.65K Posted November 5, 2023 0 Comments

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Anurag Pathak Changed status to publish November 5, 2023

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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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Hemco Ltd. an unlisted (Non-NBFC (HFC) company issued 10,000; 10% Debentures of ₹ 100 each at par on 1st April, 2017 redeemable at 5% premium in three yearly instalments by draw of lots as follows

1 Answer

Anurag Pathak

1 Answer

Anurag Pathak

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