[ISC] Q 3 Redemption of Debenture TS Grewal (2024-25)

Solution of question number 3 of Redemption of Debenture Ts Grewal class 12 ISC Board (2024-25)

Dow Housing Finance Ltd. issued ₹ 2,00,000; 8% Debentures of ₹ 10 each at a premium of 8% on 30th June, 2020 redeemable on 31st March, 2023. How much amount should be transferred to Debentures Redemption Reserve?

Solution:-

Nil

Explanation:- Housing Finance Corporation (listed and unlisted) are exempted from creating DRR for the purpose of Redemption of Debentures

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