Question

S. K. Limited Issued 1,000 12 % Debentures of Rs 100 each. Pass Journal Entries for Redemption of the Debentures, in the Books of the Company, under the following conditions : 

(i) Issued at Par and Redeemable at Par , After 5 Years . 

(ii) Issued at Par an Redeemable at a Premium of 5 % , After 5 Years . 

(iii) Issued at a Premium of 5 % . Redeemable at Par , After 5 Years .

Answer 1

Debentures Issued at Par and Redeemable at Par , After 5 Years . 

 JOURNAL of S. K. Limited 

(ii) Debentures Issued at Par and Redeemable at a Premium of 5 % , After 5 Years 

(iii) Debentures Issued at a Premium of 5 % , Redeemable at Par , After 5 Years .