Espirit Ltd., a listed company, purchased its own 2,000; 11% Debentures of ₹ 100 each redeemable at 10% premium @ ₹ 103 per debenture for immediate cancellation

604 viewsNovember 5, 2023Redemption of Debentures

Anurag Pathak24.20K November 5, 2023 0 Comments

Espirit Ltd., a listed company, purchased its own 2,000; 11% Debentures of ₹ 100 each redeemable at 10% premium @ ₹ 103 per debenture for immediate cancellation.

Pass necessary Journal entries for purchase and cancellation of debentures.

Anurag Pathak Changed status to publish November 5, 2023

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Anurag Pathak24.20K 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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