Accounting Entries for Redemption of Debentures | Accounting
In this article we will discuss about the accounting entries for redemption of debentures. 1. Redemption Out of Profits: When debentures are redeemed out of profit, it is essential that an equal amount to the face value of the debentures redeemed will be transferred to Debenture Redemption Reserve Account. When all the debentures are redeemed, the Debenture Redemption Reserve Account [...]