GANESH MAHADEO UPALKAR
(ARTICLED ASSISTANT)
(256 Points)
Replied 03 December 2015
Yes Debentures can Redeem At Discount.
Accounting Treatment:-
An Amount equal "Discount on Redemption" will be transferred From Debenture Redemption A/c to Reserve or P/L A/c
For this you need to First creat DRR A/c
Entry For Creating DRR A/c:-
Profit & Loss Appropriation A/c …Dr.
To Debenture Redemption Reserve A/c
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