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Star Ltd. Is a manufacturer of chemical ...

Star Ltd. Is a manufacturer of chemical fertilisers. Its annual turnover is Rs. 50 crores. The company had issued 5,000, `12%` Debentures of Rs. 500 each at par. Calculate the amount of Debentures Redemption Reserve which needs to be created to meet the requirements of law.

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The correct Answer is:
Required DRR = Rs. 6,25,00.
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TS GREWAL-COMPANY ACCOUNTS REDEMPTION OF DEBENTURES-EXERCISE
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  4. Nirbhai Chemicals Ltd. Issued RS. 10,00,000 , 6% Debentures of Rs. 50...

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  5. Export-Import Bank of India (EXIM Bank) issued 20,000, 10% Debentures ...

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  6. SRCC Ltd. has issued on 1st April, 2017, 20,000, 12% debentures of Rs....

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  7. IFCl Ltd. (An All India Financial Institution) issued 10,00,000 9% Deb...

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  8. On 31 st March, 2003, G Ltd. Had Rs. 8,00,000 9% Debentures due for re...

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  9. {:("On 31 st March, 2018, W Ltd. had the following balances in its boo...

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  10. Mansi Ltd. had 6,000, 10% Debentures of Rs. 100 each due for redemptio...

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  11. India Textiles Corporation Ltd. has outstanding Rs. 50,00,000, 9% Deb...

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  12. Manish Ltd. Issued Rs. 40,00,000, 8% Debentures of Rs. 100 each on 1st...

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  13. Godrej Ltd. has 20,000, 7% Debentures of Rs. 100 each due for redempt...

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  14. Apolio Ltd. Issued 21,000, 8% Debentures of Rs. 100 each on 1st April,...

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  15. On 1st April, 2016, following were the balances of Blue Bird Ltd. : ...

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  16. Mahima Ltd. Issued Rs. 38,00,000, 9% Debentures of Rs. 100 each on 1s...

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  17. On 1st April, 2013 the following balances appeared in books of Blue an...

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  18. Rich Sugar Ltd. Issued Rs. 20 Lakh, 8% Debentures divided into debentu...

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  19. Hp Ltd. has 1,00,000, 8% Debentures of Rs. 50 each due for redemption ...

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  20. Venus Ltd. had 9,000, 9% Debentures of Rs. 100 each due for redemption...

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