Uniworld Ltd. had 10,000, 8% Debentures of ₹ 100 each due for redemption at a premium of ₹ 10 each as follows:
Uniworld Ltd. had 10,000, 8% Debentures of ₹ 100 each due for redemption at a premium of ₹ 10 each as follows:
Pass the Journal entries for investment in specified securities for the above. Investment is made on 1st April.
| On 31st May, 2020 | 5,000 Debentures |
| On 31st May, 2021 | 3,000 Debentures |
| On 31st May, 2022 | Balance Debentures |
Anurag Pathak Changed status to publish November 2, 2023
Solution:-
Hint:-
Investments are realised to the extent that balance in Debentures
Redemption Investment is equal to 15% of the debentures to redeemed in the next year. Debentures Redemption Investment is made of amount equal to 15% of the nominal of debentures to be redeemed.
Hint:-
Investments are realised to the extent that balance in Debentures
Redemption Investment is equal to 15% of the debentures to redeemed in the next year. Debentures Redemption Investment is made of amount equal to 15% of the nominal of debentures to be redeemed.
Anurag Pathak Changed status to publish November 2, 2023
