alleryStart learning →Home › Bihar Board Class 12 (Commerce) › Accountancy › Issue and Redemption of Debentures › 4,000 debentures of Rs. 100 mature next year. Mi…
4,000 debentures of Rs. 100 mature next year. Minimum investment due by April 30?
ARs. 60,000
BRs. 40,000
CRs. 15,000
DRs. 4,00,000
Answer & Solution
Correct answer: A. Rs. 60,000
15 percent of Rs. 4,00,000 is Rs. 60,000.
Related questions
Unlike shares, debentures are generallySection 2(30) of the Companies Act, 2013 definesTraditionally, bonds were issued by theWhich investment qualifies for debenture redemption?Amounts invested for redemption can be used only forDebentures of Rs. 3,00,000 mature in January 2018. The investment needed by April 30, 2017A company may redeem debentures before maturity ifRedemption by conversion is applicable only to