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A Company decided to redeem Rs500000 8% debenture of Rs100 each on 31/10/2016. State the month and amount to be invested in specified securities?
Most Upvoted Answer
A Company decided to redeem Rs500000 8% debenture of Rs100 each on 31/...
The amount to be invested will be 15% of total redeemable amount i.e. 15% of 5,00,000which is 75,000 . This amount is to be invested in month of April before on year of redumption like debentures are getting reedemed on 31/10/2016 So DRI will be created on April 1st 2017 or 30 April 2017 Any date can be chosen.entry will be,DRI A/C ....Dr. To Bank A/C(being amount invested in......)
Community Answer
A Company decided to redeem Rs500000 8% debenture of Rs100 each on 31/...
Month date is 1 April or 30 April Amt to be invested is 15% of 500000=75000
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A Company decided to redeem Rs500000 8% debenture of Rs100 each on 31/10/2016. State the month and amount to be invested in specified securities?
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A Company decided to redeem Rs500000 8% debenture of Rs100 each on 31/10/2016. State the month and amount to be invested in specified securities? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about A Company decided to redeem Rs500000 8% debenture of Rs100 each on 31/10/2016. State the month and amount to be invested in specified securities? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A Company decided to redeem Rs500000 8% debenture of Rs100 each on 31/10/2016. State the month and amount to be invested in specified securities?.
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