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company accounts why debenture redemption is made 15% of redeem value but Debenture Redemption reserve is made 25 % ?
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company accounts why debenture redemption is made 15% of redeem value ...
15% is required to create an investment (which will fetch interest) &
25% is transferred to reserve.
Purpose of creating above is same i.e. such amount can be used at the time to redemption.
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company accounts why debenture redemption is made 15% of redeem value but Debenture Redemption reserve is made 25 % ?
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