Practicing Success
A company had Rs 10,00,000; 12% Debentures due for redemption. The company had a balance of Rs 2,00,000 in its DRR. How much amount would it transfer to Debenture Redemption Investment Account? |
₹2,00,000 ₹1,50,000 ₹2,50,000 None of these |
₹1,50,000 |
Minimum DRI required 15% of total value = 15% * 10,00,000 = 1,50,000 |