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X limited has 4000 9 benture of rs 100 each outstanding as on 31.3.15 these debenture are due for redemption on 31.3.2016 debenture redemption reserves has a balance of rs 50000 on 31.3.15 pass the journal entries at the titi of rredemptio of debenture 

Asked by 6priyapandey2000 2nd February 2018, 4:48 PM
Answered by Expert
Answer:
Balance in DRR is Rs 50,000 as on 31st March 2015. A further amount of Rs 50,000 is transferred from surplus. It implies that balance in statement of profit and loss to make DRR of atleast 25% of Rs 4,00,000. Based on this try to pass journal entries. 
Answered by Expert 5th February 2018, 9:30 AM
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