please answer this with must must explanation , narrations , calculation for each entry for each parts clearly answer in text form Q.3 Roshan Ltd. gave notice of its intention to redeem its outstanding 4, 00,000, 8%debenture at 105 (nominal value 100) and offered the following options to the holders:a) 11% preference share of 40/- each at * 50 per share.b) 10% debenture at 100 (at par).c) To have their holdings redeemed for cash. Assume redemption out profit only.1) The holders of 1, 40,000 debenture accepted option (a).2) The holders of 1, 60,000 debentures accepted option (b).3) The remaining debenture holders accepted option (c).Pass the necessary journal entries in the books of Roshan Ltd.

Absolutely, here are the journal entries for Roshan Ltd. to record the redemption of its…

Answered: Q.3 Roshan Ltd. gave notice of its…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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