Which account is to be credited while encashing investment made out of Debenture Redemption Reserves?

Profit or loss A/c

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Debenture Redemption Reserve A/c

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Debenture Redemption Investment A/c

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Bank A/c

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C
Debenture Redemption Investment A/c

Debenture Redemption Investment A/c is to be credited while encashing investment made out of Debenture Redemption Reserves.

Suggest Corrections

Similar questions

Which account is to be debited while encashing investment made out of Debenture Redemption Reserves?

Q. The account is to be debited while encashing investment made out of debenture redemption reserves.

Mona Ltd., has issued 20,000, $9 %$ Debentues of Rs 100 each of which half the amount is due for redemption on March 31st 2018. It was decided to invest the required amount towards Debenture Redemption Investment. The company has in its Debenture Redemption Reserve Account a balance of Rs 4,40,000 on 31st March, 2017. Record the necessary journal entries for the Redemption of Debentures.

Where a company creates a Debenture Redemption Reserve for the redemption of such debentures, the amount shall be credited, out of its ___every year until such debentures are redeemed.

Alpha Ltd. has 10,000, $8 %$ Debentures of Rs 100 each due for redemption on 31st March 2018. Debenture Redemption Reserve has a balance of Rs 1,90,000 on 31st March,2017. It was decided to invest the required amount towards Debenture Redemption Investment. Investments were realised at $104 %$ less $0.5 %$ brokerage and debentures were redeemed. Record the necessary entries for the redemption of debentures.

Join BYJU'S Learning Program

Which account is to be credited while encashing investment made out of Debenture Redemption Reserves?

The correct option is C Debenture Redemption Investment A/c Debenture Redemption Investment A/c is to be credited while encashing investment made out of Debenture Redemption Reserves.

The correct option is C
Debenture Redemption Investment A/c

Debenture Redemption Investment A/c is to be credited while encashing investment made out of Debenture Redemption Reserves.