[ISC] Q 15 Redemption of Debenture TS Grewal (2024-25)

Share your love

Solution of question number 15 of Redemption of Debenture Ts Grewal class 12 ISC Board (2024-25)

Amera Ltd. had outstanding 6,000, 7% Debentures of ₹ 100 each due for redemption in three equal annual instalments beginning 30th June, 2024.

commerceschool.in

Explain how it will invest in specified securities to redeem the debentures.

commerceschool.in

Solution:-

Investment in DRI = 6,00,000/3 = ₹ 2,00,000 ✕ 15% = ₹ 30,000

Time of Investment = on or before 30th April, 2022.

The invested amount shall be realised at the time of last redemption, i.e., 30th June, 2024.

Share your love
Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his Youtube channel for free lectures

Articles: 7184

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending now

Assertion Reason MCQs of Accounting for Partnership Firm Fundamentals with answers Class 12
[ISC] TS Grewal Solutions Accounts class 12 (2022-23)
[CBSE] TS Grewal Solutions Class 12 [2023-24] Accounts
[CBSE] TS Grewal Solutions Class 12 (2022-23) Accounts
x