AshikaKnowledge Contributor
ABC Ltd. is to redeem 10,000, 10% debentures of ₹. 100/- each on 30th June 2017. How much amount must be transferred to DRR by it?(a) ₹ 2,50,000/-(b) ₹ 1,00,000/-(c) ₹ 5,00,000/-(d) Nil
ABC Ltd. is to redeem 10,000, 10% debentures of ₹. 100/- each on 30th June 2017. How much amount must be transferred to DRR by it?(a) ₹ 2,50,000/-(b) ₹ 1,00,000/-(c) ₹ 5,00,000/-(d) Nil
(a) ₹ 2,50,000 ( Since DRR = 25% of Face Value of Debentures)