(Redemption of Debentures in case of All India Financial Institutions). Export-Import Bank of India, an All India Financial Institution, has outstanding Rs. 50,00,000, 10% Debentures of Rs. 100 each issued in 2016, due for redemption on 31st March, 2019. State the amount of Debentures Redemption Reserve to be created before the redemption of debentures begins. Also, pass Journal entries for redemption of debentures.
IFCl Ltd. (An All India Financial Institution) issued 10,00,000 9% Debentures of Rs. 50 each on 1st April, 2011 redeemable on 1st April, 2019. How much amount of Debentures Redemption Reserve is required before the redemption of debentures ? Also, pass Journal entries for issue and redemption of debentures.
In a given statement followed by two assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions and decide which of the assumptions is implicit in the statement. Statement: "Invest in our regular scheme and earn an interest of at least 10% - Advertisement by a Financial Institution. Assumptions : I. 10% interest may attract a good number of investors. II. No other scheme offers interest as high as 10% .1) if only Assumption I is implicit. 2)if only Assumption II is implicit. 3)if either Assumption I or II is implicit. 4)if neither Assumption I nor II is implicit
