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P2 C2 ACCOUNTING FOR DEBENTURES — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP2 C2 ACCOUNTING FOR DEBENTURES1 Mark
Question
When is it required to create debenture redemption fund?
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Answer

When debentures are redeemable after $18$ months from the date of issue of debentures, it is required to create debentures redemption fund.

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