Sarthaks Test
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What entries for the redemption of debentures will be done when : 

(a) debentures are redeemed by annual drawings out of profits; 

(b) debentures are redeemed by drawing a lot out of capital; and 

(c) debentures are redeemed by purchasing them in the open market when sinking fund for the redemption of debentures is not maintained – 

(i) when out of profit, and (ii) when out of capital?

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