what is debentures, types of debentures
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Answer Posted / b.k.vashishtha
From different point of view:
Redemption : Redeemable and irredeemable
Security : mortgage debenture and naked or simple debentures
Record: registered debenture and bearer debentures
Priority: first debentures and second debentures
Convertibility: Convertible and Non convertible
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Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
