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Advanced accounting amalgamation

12% debentures of 650000 to be redeemed, by the issue of 12% preference shares of M/s. kamia haris Ltd. (face value of Rs 100), at a premium of 10% Sir explain above point and what is the entry for the above and what is the amount we should write in balnace sheet ??


Enuguru Sai Nithin

Enuguru Sai Nithin

CA Inter

76K+

05-Mar-21 12:44

20

Answers (2)

Sir please reply


Enuguru Sai Nithin

Enuguru Sai Nithin

CA Inter

76K+

05-Mar-21 22:02

12% debentures of amount Rs.6,50,000 will be redeemed by issuing 12% preference shares of amount Rs.5,90,909 with Securities premium of Rs. 59,091. Entry: 12% Debentures to Debentureholders. Debentureholders to 12% preference shares, to SPR


Sahibdeep Singh

Sahibdeep Singh

Moderator

06-Mar-21 12:15

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