What are the entries to be recorded at the time of redemption of debentures in open market operations??
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Redemption of debenture
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https://www.yuvaneeds.com/forum/acco/financial-accounting/what-is-redemption-of-debentures-by-purchase-of-own-debentures-in-the-.H T M L
The entries to be recorded at the time of redemption of debentures:
Debentures a/c Dr.
To own debentures a/c
Own Debentures dr.
To Bank
debenture dr.
To own debentures
To gain on cancelation
To Bank
debenture dr.
To own debentures
To gain on cancelation
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