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y ltd redeemed its 400 8% debentures of rs 100 each by issuing 4000 equity shares of rs 10 each rs9 paid up

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journalise
y ltd redeemed its 400 8% debentures of rs 100 each by issuing
4000 equity shares of rs 10 each rs9 paid up

Komal Verma · Accepted Answer

Journal

Date

Particulars

Debit

Amount

(Rs)

Credit

Amount

(Rs)

8% Debenture A/c (400 Ã— Rs 100)

Dr

40,000

To Debentureholdersâ€™ A/c

40,000

(Amount due to debentureholders)

Debentureholdersâ€™ A/c

Dr

40,000

To Equity Share Capital A/c

36,000

To Securities Premium A/c

4,000

(4,000 equity shares of Rs 10 each, Rs 9 paid up issued to
debentureholders)

Journal
Date	Particulars		Debit Amount (Rs)	Credit Amount (Rs)
	8% Debenture A/c (400 × Rs 100)	Dr.	40,000
	To Debentureholders’ A/c			40,000
	(Amount due to debentureholders)

	Debentureholders’ A/c	Dr.	40,000
	To Equity Share Capital A/c			36,000
	To Securities Premium A/c			4,000
	(4,000 equity shares of Rs 10 each, Rs 9 paid up issued to debentureholders)

journalise y ltd redeemed its 400 8% debentures of rs 100 each by issuing 4000 equity shares of rs 10 each rs9 paid up