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 X Opens in a new window Facebook 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 Radha, Tina and Reeta were partners sharing profits equally. Reeta died on 31st July, 2021. Radha and Tina decided to continue the business. Share of profit or loss of the deceased partner from the beginning of the year up to the date of death was to be determined on the basis of last year’s profit, which was 4,50,000.Pass necessary Journal entry to record Reeta’s share of profit/loss up to the date of death. August 5, 2022 Why inventory is excluded from liquid assets? October 3, 2022 What will be the operating profit ratio, if operating ratio is 88.94%? October 3, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Radha, Tina and Reeta were partners sharing profits equally. Reeta died on 31st July, 2021. Radha and Tina decided to continue the business. Share of profit or loss of the deceased partner from the beginning of the year up to the date of death was to be determined on the basis of last year’s profit, which was 4,50,000.Pass necessary Journal entry to record Reeta’s share of profit/loss up to the date of death. August 5, 2022