On 1st April, 2021, following were the balances of Blue Bird Ltd., an unlisted (Non-NBFC/HFC) Company
On 1st April, 2021, following were the balances of Blue Bird Ltd., an unlisted (Non-NBFC/HFC) Company:
The company met the requirements of the Companies Act, 2013 for Debentures Redemption Reserve and Investment and redeemed the debentures.
Pass necessary Journal entries for the above transactions in the books of the company.
| ₹ | |
| 10% Debentures (redeemable out of profits on 30th September, 2022) | 5,00,000 |
| Securities Premium | 2,00,000 |
| General Reserve | 4,00,000 |
| Surplus, i.e., Balance in Statement of Profit & Loss | 1,00,000 |
Anurag Pathak Changed status to publish November 4, 2023
