Purchase of Own Debentures: Journal Entries | Capital | Accounting
The purchase of own debentures in the market may be for different reasons: 1. Where Debentures are Purchased for Cancellation 2. When Debentures are Purchased for Investment. 1. Where Debentures are Purchased for Cancellation: When Company's own debentures are purchased by the Company, "Own Debenture Account" (or Investment in Own Debenture Account) will be debited as against cash paid for [...]