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CBSE Class 12-commerce Answered

Wellness Co. Ltd. has issued 20,000, 9% Debentures of ₹ 100 each at a premium of 10% on 1st April, 2018 redeemable as follows: 31st March, 2021 – 10,000 debentures 31st March, 2022 – 4,000 debentures 31st March, 2023 – balance debentures. It transferred to Debentures Redemption Reserve the required amount as applicable rules of the Companies Act and Rules, 2014 on due date. How much amount will be transferred to General Reserve on 31st March, 2021
Asked by jobyaliya | 30 Nov, 2019, 08:27: AM
answered-by-expert Expert Answer
The question asked is from the chapter Redemption of Debentures.
 
Complete solutions along with the detailed workings of all similar questions are available on our website topperlearning.com under text book solutions of the respective chapters.
Answered by Surabhi Gawade | 30 Nov, 2019, 09:48: AM

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