Paritosh Ltd. (an unlisted manufacturing company) had following balances as on 1st April, 2021:
Paritosh Ltd. (an unlisted manufacturing company) had following balances as on 1st April, 2021:
The company transferred the required amount to Debentures Redemption Reserve on 31st March, 2022.
It also met the requirement of investment in Debentures Redemption Investment.
Prepare Debentures Redemption Reserve Account for the years 2021 – 22 and 2022 – 23.
| 8% Debentures (to be redeemed on 30th September, 2022) | ₹ 5,00,000 |
| Debentures Redemption Reserve | ₹ 1,50,000 |
Anurag Pathak Changed status to publish November 1, 2023
