Tag Archives | Accounting Entries

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 [...]

By |2017-02-06T20:59:00+00:00February 6, 2017|Debentures|Comments Off on Accounting Entries for Redemption of Debentures | Accounting

Accounting Entries for Issue of Debentures | Capital | Accounting

In this article we will discuss about the accounting entries for issue of debentures. (A) Issue of Debenture for Cash: The issue procedure with regard to debentures is the same as that of shares. The amount due on debentures may be paid in installments, such as, Application, Allotment and Calls. When debentures are issued at premium, the amount of premium [...]

By |2017-02-06T20:59:00+00:00February 6, 2017|Issue of Debentures|Comments Off on Accounting Entries for Issue of Debentures | Capital | Accounting

Accounting Entries for Reduction of Share Capital | Company

Accounting entries to be passed in respect of reduction of share capital are discussed in this article.  1. Where the liability on any share in respect of uncalled capital is being reduced, no entry is usually required. For instance, a share of Rs 10 on which Rs 6 has been paid up, now being reduced to a fully paid share [...]

By |2017-02-06T20:58:59+00:00February 6, 2017|Share Capital|Comments Off on Accounting Entries for Reduction of Share Capital | Company
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