[ISC] Q 2 Redemption of Debenture TS Grewal (2023-24)
Solution of question number 2 of Redemption of Debenture Ts Grewal class 12 ISC Board (2023-24)
An unlisted public limited company is a manufacturer of chemical fetiliers having Revenue from Operations of ₹ 50 crore. The company had issued 5,000, 12% Debenture of ₹ 500 each at par. Determine the amount of Debentures Redemption Reserve which it should set asie, i.e., transfer to meet the requirements of law.
Solution:-
DRR = 10% of ₹ 25,00,000
DRR = ₹ 2,50,000
Explanation:-
Unlisted Companies other than NBFC and HFC are required to created DRR equal to 10% of the value of the outstanding Debentures.
Here is the list of all Solutions of Redemption of Debenture of TS Grewal class 12 ISC Board 2023-24.
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| 1 | Question – 1 |
| 2 | Question – 2 |
| 3 | Question – 3 |
| 4 | Question – 4 |
| 5 | Question – 5 |
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| 11 | Question – 11 |
| 12 | Question – 12 |
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| 25 | Question – 25 |
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| 31 | Question – 31 |
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| 33 | Question – 33 |
| 34 | Question – 34 |
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| 37 | Question – 37 |
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| 41 | Question – 41 |
| 42 | Question – 42 |
| 43 | Question – 43 |
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| 50 | Question – 50 |
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| 51 | Question – 51 |
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| 53 | Question – 53 |
| 54 | Question – 54 |
| 55 | Question – 55 |
