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On 31 March 2017 Janta Ltd. Converted its ₹ 88,00,000, 6% debentures into equity shares of ₹ 20 each at a premium of ₹ 2 per share.

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On 31 March 2017 Janta Ltd. Converted its ₹ 88,00,000, 6% debentures into equity shares of ₹ 20 each at a premium of ₹ 2 per share. Record necessary journal entries in the books of the company for redemption of debentures.

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In the Books of Janta Ltd. Journal Entries

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