Issue and Redemption of debentures- A company raises its capital using an issue of shares. But the funds raised by the difficulty of shares are seldom capable meet the future financial needs of a corporation. Hence, most companies address raising long-term funds also through debentures which are issued either through the route of personal placement or by offering an equivalent to the general public. The finances raised through debentures also are referred to as long-term debt. It deals with the accounting treatment of issues and redemption of debentures and other related aspects.