Redemption of preference shares

Himanshu Somani

See the dates ....int on Deb is transferred to p/l ac at the end of the accounting period

Himanshu Somani

See the dates ....int on Deb is transferred to p/l ac at the end of the accounting period

Saravanan

It has two journal entry first one was it is the interest expense so it was put into p&L A/c and we should pay to debenture holders for interest as to redeem the debentures. if we redem the debenture must pay the interest also to debenture holders.so it was included in cash account.we also write seperate interest entry debenture holder a/c Debit to cash 7500