Nirbhai Chemicals Ltd, a listed company, issued ₹ 10,00,000; 6% Debentures of ₹ 50 each at a premium of 8% on 30th June, 2022 redeemable on 30th June, 2023. The issue was fully subscribed. Pass Journal entries for issue and redemption of debentures. How much amount should be transferred to Debentures Redemption Reserve before redemption of debentures? Also, state how much amount should be invested in sepecified securities.

Anurag Pathak Changed status to publish November 2, 2023