[ISC] Q 7 Redemption of Debenture TS Grewal (2023-24)

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Solution of question number 7 of Redemption of Debenture Ts Grewal class 12 ISC Board (2023-24)

State Bank of India has 6,000, 7% Debentures of ₹ 1,000 each outstanding for redemption. How much amount it should transfer to Debenture Redemption Reserve?

Solution:-

NIL

Banking companies (both public issue and private placement of debentures) are not required to create 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.

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49Question – 49
50Question – 50
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51Question – 51
52Question – 52
53Question – 53
54Question – 54
55Question – 55
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