Which account is credited while making the payment of redemption money to the debentureholders?
None of these
Bank a/c
Debentureholders a/c
Debentures a/c
Bank A/c is credited while making the payment of redemption money to the debentureholders
The journal entry for Premium on redemption of debentures while transfer to debentureholders-
By what amount Bank A/c is to be credited while redemption when 10,000 debentures of Rs. 100 each are isued at premium of Rs. 20 and to be redeemed at par ?
Which account is to be credited while encashing investment made out of Debenture Redemption Reserves?
If debentures are redeemed at premium, the premium on redemption of debentures account shall be credited while ___shall be debited.