[ISC] Q 16 Redemption of Debenture TS Grewal (2023-24)
Solution of question number 16 of Redemption of Debenture Ts Grewal class 12 ISC Board (2023-24)
Amera Ltd. had outstanding 6,000, 7% Debentures of ₹ 100 each due for redemption in three equal annual instalments beginning 30th June, 2022.
Explain how it will invest in specified securities to redeem the debentures.
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.
Here is the list of all Solutions of Redemption of Debenture of TS Grewal class 12 ISC Board 2023-24.
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| 51 | Question – 51 |
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| 55 | Question – 55 |
