Debenture Redemption Fund Insurance Policy (Journal Entries)
In this article we will discuss about the Journal Entries on Debenture Redemption Fund Insurance Policy. To get money for the redemption of debentures after a specified period of time, a company may take an insurance policy. It is called Debenture Redemption Fund Insurance Policy. Entries will be passed as follows:— Illustration 1: On 1st April, 2011 the following balances [...]