Please. Give me the answer of this question S. Singh Limited obtained a loan of Rs. 5,00,000 from
State Bank of India @10% interest. The company issued
Rs. 10% debentures of Rs. 100/- each, in favour
of State Bank of India as collateral security. Pass necessary
journal entries for the above transactions:
i. When company decided not to record the issue of 10%
Debentures as collateral security.
ii. When company decided to record the issue of 10%
(3)
Debentures as collateral security.
10. Jan Dhan Bank, an All India Financial Institution, had
10,000, 12% debentures of Rs. 100 each outstanding as
at 31st March, 2017, These debentures were due for
redemption on 30th June, 2018. Pass necessary Journal
Entries for redemption of debentures. Also, state the
amount of Debenture Redemption Reserve to be created