Wellness Co. Ltd. has issued 20,000, 9% Debentures of ₹ 100 each at a premium of 10% on `1^(st)` April, 2018 redeemable as follows:
`31^(st)` March, 2021 – 10,000 debentures
`31^(st)` March, 2022 – 4,000 debentures
` 31^(st)` 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 .

Options

A. ₹ 1,00,000
B. ₹ 2,50,000
C. ₹ 5,00,000
D. ₹ 20,00,000

Answer

B