[ISC] Q 17 Redemption of Debenture TS Grewal (2023-24)

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Solution of question number 17 of Redemption of Debenture Ts Grewal class 12 ISC Board (2023-24)

Ramada Ltd. had outstanding 10,000, 8% Debentures of ₹ 100 each due for redemption as follows:

On 31st July, 20212,000 Debentures
On 31st July, 20223,000 Debentures
On 31st July, 2023Balance Debentures

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

Solution:-

It will invest ₹ 30,000 (i.e., 15% of ₹ 2,00,000) in specified securities on or before 30th April, 2021.

If will further invest ₹ 15,000 in specified securities on or beofre 30th April, 2022 to make totl investment equal to ₹ 45,000 (i.e., 15% of ₹ 3,00,000).

If will further invest ₹ 30,000 in specified securities on or before 30th April, 2023 to make total investment equal to ₹ 75,000 (i.e., 15% of ₹ 5,00,000).

Before redemption of 5,000, 8% Debentures on 31st July, 2023, the investment will be realised.

Here is the list of all Solutions of Redemption of Debenture of TS Grewal class 12 ISC Board 2023-24.

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51Question – 51
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53Question – 53
54Question – 54
55Question – 55
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Anurag Pathak

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