Page 6 - LN REDEMPTION OF DEB

08. On debenture becoming due for Payment

If Debenture are to be redeemed at Par
…% Debenture A/C Dr.

To Debentureholder a/c

ii) If Debenture are to be redeemed at Premium

…% Debenture A/C Dr.
Premium on Redemption of Debenture A/C Dr.

To Debentureholder A/C

05.On redemption of Debentures:

Debentureholders A/C Dr.
To Bank a/c

7. On transfer of Debenture Redemption Reserve to General Reserve

a/c

Debenture Redemption Reserve a/c Dr.
To General Reserve a/c