Name two sources of finance for redemption of debenture. Post category:Accountancy Reading time:1 mins read SOLUTION (i) Redemption out of capital; (ii) Redemption out of profits. Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostWhat is meant by Redemption of Debentures? Next PostWhat is meant by redemption of debentures out of Capital? You Might Also Like Following was the Balance Sheet of A and B who were sharing profits in the ratio of 2 : 1 as at 31st March, 2019: August 1, 2022 X, Y and Z entered into partnership on 1st October, 2018 to share profits in the ratio of 4 : 3 : 3. X, personally guaranteed that Z’s share of profit after charging interest on capital @ 10% p.a. would not be less then Rs. 80,000 in any year. Capital contributions were: X – Rs. 3,00,000, Y – Rs. 2,00,000 and Z – Rs. 1,50,000. Profit for the year ended 31st March, 2019 was Rs. 1,60,000. Prepare Profit and Loss Appropriation Account. July 22, 2022 Give two examples of Cash Flows from Operating Activities. October 4, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Following was the Balance Sheet of A and B who were sharing profits in the ratio of 2 : 1 as at 31st March, 2019: August 1, 2022
X, Y and Z entered into partnership on 1st October, 2018 to share profits in the ratio of 4 : 3 : 3. X, personally guaranteed that Z’s share of profit after charging interest on capital @ 10% p.a. would not be less then Rs. 80,000 in any year. Capital contributions were: X – Rs. 3,00,000, Y – Rs. 2,00,000 and Z – Rs. 1,50,000. Profit for the year ended 31st March, 2019 was Rs. 1,60,000. Prepare Profit and Loss Appropriation Account. July 22, 2022