Accountancy > accounting-for-companies > Redemption Of Debentures
'Ananya Ltd' issued 1,00,000, 9% debentures on 1.4.2008. Face value of each debenture was Rs 100. These debentures were issued at a discount of 5%. They were redeemable in four instalments starting from the end of the third year:
- Year III: Rs 10,00,000
- Year IV: Rs 20,00,000
- Year V: Rs 30,00,000
- Year VI: Rs 40,00,000
Prepare 9% Debenture Account from 1.4.2008 till all debentures were redeemed.
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