Welcome to the NCERT Solutions for Class 12 Accountancy - Company Accounts and Analysis of Financial Statements - Chapter Issue and Redemption of Debentures. This page offers a step-by-step solution to the specific question from Exercise 1, Question 19:
What is meant by redemption of debentures by ‘Purchase in the Open Market’?
. With detailed answers and explanations for each chapter, students can strengthen their understanding and prepare confidently for exams. Ideal for CBSE and other board students, this resource will simplify your study experience.What is meant by redemption of debentures by ‘Purchase in the Open Market’?
According to companies Act, a company can redeem its debentures by purchasing them in the open market. If the company purchases the debentures at a premium, the amount paid in excess of the face value will be debited to 'loss on redemption of debentures' which will be transferred to profit and loss account and closed.
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Welcome to the NCERT Solutions for Class 12 Accountancy - Company Accounts and Analysis of Financial Statements - Chapter . This page offers a step-by-step solution to the specific question from Excercise 1 , Question 19: What is meant by redemption of debentures by ‘Purchase in the Open Market’?....
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