Home › CBSE Class 12 (Commerce) › Accountancy › Accounting for Companies: Debentures › By April 30, a company must invest at least what…
By April 30, a company must invest at least what share of debentures maturing next year?
A10 percent
B5 percent
C20 percent
D15 percent
Answer & Solution
Correct answer: D. 15 percent
The Act requires investment of not less than 15 percent of debentures maturing in the year ending 31 March.
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