For debenture redemption investment, 15% of redemption value should be invested before of the same financial year.

7th September

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30th April

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Solution

The correct option is B 30th April
For debenture redemption investment, 15% of redemption value should be invested before 30th April of the same financial year.

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Alpha Ltd. has 10,000, $8 %$ Debentures of Rs 100 each due for redemption on 31st March 2018. Debenture Redemption Reserve has a balance of Rs 1,90,000 on 31st March,2017. It was decided to invest the required amount towards Debenture Redemption Investment. Investments were realised at $104 %$ less $0.5 %$ brokerage and debentures were redeemed. Record the necessary entries for the redemption of debentures.

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Q. The account is to be debited while encashing investment made out of debenture redemption reserves.

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For debenture redemption investment, 15% of redemption value should be invested before of the same financial year.

The correct option is B 30th AprilFor debenture redemption investment, 15% of redemption value should be invested before 30th April of the same financial year.

The correct option is B 30th April
For debenture redemption investment, 15% of redemption value should be invested before 30th April of the same financial year.