CUET Preparation Today
| ABC Ltd decides to redeem 10000, 5% debentures of Rs 100 each at 10% premium 31 March 2023. The company will have to invest a minimum how much amount in corporate or government bonds approved by the government before 30.04.2022.? |
Rs 1,50,000 Rs 1,65,000 Rs 2,50,000 Rs 2,75,000 |
| Rs 1,50,000 |
| Every company is required to create Debenture Redemption Reserve shall on or before the 30th day of April in each year, invest or deposit, as the case may be, a sum which shall not be less than fifteen per cent, of the amount of its debentures maturing during the year ending on the 31st day of March of the next year, hence minimum amount is = 10,000x100 =10,00,000x15/100 = 1,50,000 |
