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Godrej Ltd., and unlisted (Non-NBFC/HFC) company, has 20,000; 7% Debentures of ₹ 100 each due for redemption out of profits on 31st August, 2021

1.09K viewsNovember 4, 2023Redemption of Debentures

Anurag Pathak27.13K November 4, 2023 0 Comments

Godrej Ltd., and unlisted (Non-NBFC/HFC) company, has 20,000; 7% Debentures of ₹ 100 each due for redemption out of profits on 31st August, 2021. It has a balance of ₹ 7,50,000 in Debentures Redemption Reserve Account as on 31st March, 2020. Investment, as required by the Companies Act, 2013 is made on 1st April, 2021 in fixed deposit bearing interest @ 6% p.a. Bank deducted TDS @ 10% on its maturity.

Pass Journal entries for redemption of debentures.a

Anurag Pathak Changed status to publish November 4, 2023

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Anurag Pathak Changed status to publish November 4, 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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Godrej Ltd., and unlisted (Non-NBFC/HFC) company, has 20,000; 7% Debentures of ₹ 100 each due for redemption out of profits on 31st August, 2021

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Anurag Pathak

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Anurag Pathak

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