Star Steads Ltd., a listed company, purchased its own 1,000; 10% Debentures of ₹ 100 each @ ₹ 100 from open market for immediate cancellation

625 viewsNovember 5, 2023Redemption of Debentures

Anurag Pathak24.20K November 5, 2023 0 Comments

Star Steads Ltd., a listed company, purchased its own 1,000; 10% Debentures of ₹ 100 each @ ₹ 100 from open market for immediate cancellation. As per the terms of issue, these debentures were redeemable at 5% premium.

Pass necessary Journal entries for purchase and cancellation of debentures.

Anurag Pathak Changed status to publish November 5, 2023

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Anurag Pathak24.20K 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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