Accountancy, asked by krishnamaharana7620, 11 months ago

A public limited company is a manufacturer of chemical fertilisers. Its annual turnover is ₹ 50 crores. The company had issued 5,000, 12% Debentures of ₹ 500 each at par. Calculate the amount of Debentures Redemption Reserve which needs to be created to meet the requirements of law.

Answers

Answered by shobhakamble362

0

Explanation:

company had issued 5,000, 12% Debentures of ₹ 500 each at par. Calculate the amount of Debentures Redemption Reserve which needs to b....hiiy...

fol me

Answered by aburaihana123

1

The amount of Debentures Redemption Reserve which needs to be created to meet the requirements of law are calculated below:

Explanation:

Given,

A public limited company is a manufacturer of chemical fertilisers.

Annual turnover of the given public limited company is ₹ 50 crores.

The company had issued 5,000, 12% Debentures of ₹ 500 each at par

Calculation of the amount required to be transferred to DRR:

Amount required to be transferred to DRR

=25% of the Face value of Debentures

= 25% of Rs. 25,00,000

$=\mathrm{Rs} .6,25,0000$

Thus, the amount Debentures Redemption Reserve which needs to be created to meet the requirements of law is Rs. 6,25,000

Previous Question

Next Question

Similar questions

Hindi, 5 months ago

9. यश प्राप्त'समास का विग्रह है- 1 point यश ने प्राप्त की यश के लिए प्राप्त यश में प्राप्त यश को प्राप्त 10. वर्तमान समय में क्रिया के होने का बोध कराने वाला क्रिया का रूप कहलाता है- 1 point भविष्य काल वर्तमान काल भूतकाल पूर्ण भूतकाल please answer this correctly nd I will mark you as brainast my exam is going on...

English, 5 months ago

Identify the gerund and write what characteristics give it a noun function in the following sentences. 1. After arriving at school, the team will go on a round of inspection. 2. The children loved drawing. 3. I want to talk to you about going to Goa. 5. Snorkelling is an underwater sport. 6. I have no objection to staying late. 7. To stay slim, one must stop eating between meals. 4. I hate waking...

English, 5 months ago

Read the following passage and answer the questions that follow: The Mona Lisa was one of Leonardo da Vinci's favourite paintings, and he carried it around with him until he died. Today it is regarded as the most famous painting in the world, and is viewed by thousands of people annually. Who is this painted figure? Many suggestions have been made, and the most likely candidate is...

Accountancy, 11 months ago

On 1st June, 2015, R Energy Ltd. issued 10,000, 7% Debentures of ₹ 100 each at a discount of 10% redeemable at a premium of 10% at the end of five years. All the debentures were subscribed and allotment was made. Loss on issue of Debentures is to be written off over the life of the debentures. Prepare the Balance Sheet (extract) as at 31st March, 2016 and 31st March, 2017 showing Loss on issue...

Accountancy, 11 months ago

Kitply Ltd.issued ₹ 2,00,000, 10% Debentures at a discount of 5%. The terms of issue provide the repayment at the end of 4 years. Kitply Ltd.has a balance of ₹ 5,00,000 in Securities Premium Reserve. The company decided to write off discount on issue of debentures from Securities Premium Reserve in the first year. Pass the journal entry.

Chemistry, 1 year ago

Which one $Fe^{3+},Fe^{2+}$ is more paramagnetic and why?

Science, 1 year ago

Can we get milk from a curd again . What type of change is it?

Chemistry, 1 year ago

Which of the following shows geometrical isomerism ? (i) CHCl = CHCl (ii) $CH_{2}$ = $CCl_{2}$ (iii) $CCl_{2}$ = CHCl Give the structures of its cis. –and trans –forms.