[ISC] Q 5 Redemption of Debenture TS Grewal (2023-24)

Solution of question number 5 of Redemption of Debenture Ts Grewal class 12 ISC Board (2023-24)

Care Products Ltd., a listed company, has outstanding 2,000, 8% Debentures of ₹ 1,000 each redeemable at a premium of 10% on 31st December 2023. How much amount it will transfer to Debentures Redemption Reserve before the redemption of debentures?

Solution:-

Nil

Listed company are not required to create DRR for the purpose of redemption of debenture.