If they are due to be redeemed within the year then yes, otherwise they would be non-current liabilities.
is it a liability
current liability
Non-current liability, all provisions are non current.
a current liability
Payment On Current Liability Debit The Current Liability (say Sundry Creditor) (Liability Decreases) Credit Cash Or Bank (Current Asset Decreases)
history of secured redeemable non convertible debentures
history of secured redeemable non convertible debentures
Redeemable debentures are those securities which are to be repaid within a stipulated period / maturity period. For instance, X co issued 9% 7 years $ 1000 Debentures. This issue of debentures has coupon rate of 9% per year and redeemable period of 7 years. The amount raised by issuing thses debentures are to be repaid within 7 years from now.
history of secured redeemable non convertible debentures
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is it a liability
no
Debentures refers to discharging the liability on account of debentures in accordance with the terms of issue.
Yes,debenture in the balance sheet because debentures is liability for the company so it comes debit side in balance sheet in the books of the company.
current liability
1) Muthoot Finances announced the issue of Non-convertible Debentures for Rs 150 cr. 2) Reliance capital issued Rs 500 cr Non-convertible debentures. 3) Shriram Transport Finances announced the launch of its second secured redeemable non-convertible debentures issue to raise Rs 500 cr. 4) Tata Global Beverages said it raised Rs 325 cr in private placement of debentures.
Non-current liability, all provisions are non current.