Question : How much the amount should be made DRFI ........................................... of the nominal (face) value of the debentures to be redeemed during the year ending March 31 of the next year.
Option 1: 25%
Option 2: 15%
Option 3: 50%
Option 4: 100%
Correct Answer: 15%
Solution : Answer = 15%
Debentures Redemption Investment (DRI) should be made of an amount at least equal to 15% of the nominal (face) value of the debentures to be redeemed during the year ending March 31 of the next year. Hence, the correct option is 2.
Question : What is the minimum percentage that the company should invest in a Debenture Redemption Investment Account?
Question : When Debentures are redeemed setting aside amount equivalent to nominal (face) value of outstanding debentures to Debentures Redemption Reserve (DRR). It is known as redemption -------
Question : When Debentures are redeemed setting aside 10% of nominal (face) value of outstanding debentures to Debentures Redemption Reserve (DRR) known as redemption out of --------
Question : On 1st April, 2014, a Limited Company issued debentures of the face value of Rs.5,00,000 at a discount of 6%. The debentures were repayable in 5 years by annual drawings of Rs.1,00,000 made on 31st March each year. Question:- Amount of
Question : On 1st April, 2014, a Limited Company issued debentures of the face value of Rs.5,00,000 at a discount of 6%. The debentures were repayable in 5 years by annual drawings of Rs. 1,00,000 made on 31st March each year. Question:- Amount of
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