Question : Ashfaq Ltd., a Listed NBFC, is to redeem 10,000, 9% Debentures of Rs. 50 each at par out of profit. Amount that should be invested in Debentures Redemption Investment is _________.

 

Option 1: Rs.75,000

Option 2: Rs.1,25,000

Option 3: Rs.50,000

Option 4: None of the above

Question : Anmol Finance Ltd., a Listed NBFC, is to redeem 20,000, 8% Debentures of Rs. 100 each at a premium of Rs. 10 out of profit. Amount that should be invested in Debentures Redemption Investment is

Option 1: Rs. 3,00,000

Option 2: Rs. 1,65,000

Option 3: Rs. 3,15,000

Option 4: Nil.

Question : Arnav Financing Co. Ltd., a listed NBFC, is to redeem its debentures of nominal (face) value)  Rs.5,00,000  each on 30th June, 2020,30th September, 2020,31st December 2020 and 31st March 2021.The amount that should be invested in Debentures Redemption Investment on or before 30th April 2020 should be

Option 1: Rs. 37,500

Option 2: Rs. 3,00,000

Option 3: Rs. 2,50,000

Option 4: Rs. 10,00,000

Question : Sun Ltd an unlisted (Non-NBFC or HFC) company, has 20,000, 9% Debentures of Rs. 100 each due for redemption at a premium of 5%. It has a balance of Rs.100,000 in Debentures Redemption Reserve. Sun Ltd. is further required to transfer to Debenture Redemption Reserve _______________.

Option 1: Rs. 1,00,000

Option 2: Rs. 50,000

Option 3: Rs. 20,00,000

Option 4: Rs. 18,00,000

Question : Rachna Ltd., a Listed Company, is to redeem 20,000,8% Debentures of Rs. 100 each at a premium of Rs 10 out of profit. The amount that should be set aside for Debentures Redemption Reserve (DRR) is

Option 1: Rs. 5,00,000

Option 2: Rs. 10,00,000

Option 3: Rs. 11,00,000

Option 4: Nil

Question : On 1st April, 2018, RJ. Ltd. issued  Rs. 10,00,000, 9% Debentures of  Rs. 100 each at a discount of 10%. These debentures were redeemable at a premium of 5% after four years. Premium on Redemption of Debentures debited/credited with ______. 

Option 1: Credited with Rs. 20,000

Option 2: Debited with Rs. 50,000

Option 3: Credited with Rs. 50,000

Option 4: None of the above