[ISC] Q 24 Redemption of Debenture TS Grewal (2023-24)
Solution of question number 24 of Redemption of Debenture Ts Grewal class 12 ISC Board (2023-24)
Vishwas Ltd., an unlisted (Non-NBFC or HFC) company, has ₹ 20,00,000, 9% Debentures of ₹ 100 each of which half the amount is due for redemption at a premium of 10%. The company has in its Debentures Redemption Reserve Account a balance of ₹ 50,000. How much amount of profit should be further transferred to Debentures Redemption Reserve?
Solution:-
Amount of Profit to be transferred to DRR = ₹ 1,50,000 [i.e., (₹ 20,000 ✕ 10/100) – ₹ 50,000].
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 |
