The amount of should be at least transferred to debenture redemption reserve if the debenture value in the balance sheet is Rs 15,00,000

Rs 3,50,000

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Rs 3,500

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Rs 3,75,000

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Rs 37,500

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C Rs 3,75,000
Amount at least transferable to debenture redemption reserve
= 25% of value of outstanding debentures
= 25% * 15,00,000
= Rs. 3,75,000

Suggest Corrections

Similar questions

How much amount atleast should be transferred to Debenture Redemption Reserve, if the Debenture value in the balance sheet is Rs 15,00,000?

After redemption is complete, the balance in Debenture Redemption Reserve is transferred to ___

As per SEBI Guidelines, an amount equal to _____ of the debenture issue must be transferred to Debenture Redemption Reserve before redemption begins.

Under which head is the ‘Debenture Redemption Reserve’ shown in the Balance Sheet?

Join BYJU'S Learning Program