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