Question : Vijaya  Bank Ltd. has outstanding 10,000, 5% Debentures of Rs. 100 each redeemable at a premium of Rs. 10 each.These debentures are to be redeemed. Amount that will be set aside out of profits to Debentures Redemption Reserve is

 

Option 1: Rs. 5,00,000

Option 2: Rs. 12,50,000

Option 3: Rs. 25,00,000

Option 4: Nil

 

Question : ICICI BANK Ltd., an Other Financial Institution, has outstanding 50,000,5% Debentures of Rs. 100 each redeemable at a premium of Rs. 10 each.These debentures are to be redeemed. Amount that should be invested in Debentures Redemption Reserve is

Option 1: Rs. 7,50,000

Option 2: Rs. 5,00,000

Option 3: Rs. 50,000

Option 4: Nil

Question : Hindustan Housing Finance Ltd., an unlisted company, has outstanding 20,000, 8% Debentures of Rs. 100 each redeemable at a premium of Rs. 10 each. Out of these, 5,000 debentures are to be redeemed on 31st December, 2020. Debentures Redemption Reserve should be

Option 1: Rs. 1,37,500

Option 2: Rs. 2,50,000

Option 3: Nil

Option 4: Rs. 3,50,000

Question : Ankita Ltd., an unlisted company, is to redeem 1,00,000 8% Debentures of Rs. 100 each at a premium of Rs. 10. Amount that should be set aside to 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 : 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 : Bharat Finance Ltd., an unlisted company, issued 10,000, 8% Debentures of Rs. 50 each redeemable at par. Out of these debentures, 500 debentures are to be redeemed on 31st December, 2023. Debentures Redemption Reserve should be __________.

Option 1: Rs.3,750

Option 2: Rs.12,500

Option 3: Rs.6,250

Option 4: None of the above