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Redemption of debenture

A/c entries 244 views 3 replies

What are the entries to be recorded at the time of redemption of debentures in open market operations??

Replies (3)
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


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