Redemption of Debentures: Methods, DRR, Journal Entries

The money raised through the issue of debentures is a loan to the company and must be repaid on the specified date and in a specified manner. Normally the time and mode of repayment are indicated in the prospectus at the time of issue of debentures by the company. The repayment of the number of debentures is called the redemption of debentures.

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What is Government Accounting?

Government accounting refers to all the financial documents and records of public institutions that relate to the collection of taxpayers’ money, and the analysis, control of expenditure, administration of trust funds, management of government stores and all the financial responsibilities and duties of the relevant organs.

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