Debentures are a debt instrument issued by a company on which fixed interest is given. This video explains, how the accounting of Irredeemable debentures gets's done. Right from its issue process till the entries are passed in the books of accounts at the time of application, allotment & final call stage. So, this session includes
1. Process of Issuing Debentures
2. Accounting Entries when debentures issued at Par, Premium & Discount
3. For cash
4. For consideration other than cash
5. As a collateral security
This video Useful for Class XII students.