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Prime Ltd., a listed NBFC, purchased its own 2,500; 10% Debentures of ₹ 100 each redeemable at 10% premium @ ₹ 112 per debenture for immediate cancellation

928 viewsNovember 5, 2023Redemption of Debentures

Anurag Pathak28.65K November 5, 2023 0 Comments

Prime Ltd., a listed NBFC, purchased its own 2,500; 10% Debentures of ₹ 100 each redeemable at 10% premium @ ₹ 112 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 Pathak28.65K 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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Prime Ltd., a listed NBFC, purchased its own 2,500; 10% Debentures of ₹ 100 each redeemable at 10% premium @ ₹ 112 per debenture for immediate cancellation

1 Answer

Anurag Pathak

1 Answer

Anurag Pathak

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