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Journalise the following transaction on issue of 11% debentures : Winona Ltd. issued Rs.80,000, 11% debentures of Rs.100 each at a premium of 5% redeemable at a premium of 10%. (b) Journalise the following transactions for redemption of debentures : (i) Hevkel Ltd. redeemed Rs.1,00,000, 13% debentures of Rs.100 each at 110% by converting them into equity shares of Rs.50 each issued at a premium of 10%. (ii) Anglec Ltd. purchased its own 420, 11% Debentures of Rs.1,000 each @ Rs.1,002 per debenture for immediate cancellation. Ignore entries for Debenture Redemption Reserve, Debenture Redemption Investments and Interest.
By: Kamal Kashyap ProfileResourcesReport error
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