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IFCl Ltd. (An All India Financial Instit...

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.

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(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.

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(Redemption of Debentures in case of Banking Company). Bank of India Ltd. Has outstanding 1,00,000, 10% Debentures of Rs. 10 each issued in 2015 due for redemption 30th June, 2019. How much amount of Debentures Redemption Reserve should be created before the redemption of debentures begins and also how much amount should it invest in specified securities ? Pass Journal entries at the time of redemption of debentures.

X Ltd. Has 40,000, 9% Debentures of Rs. 100 each outstanding as on 31st March, 2018. These debentures are due for redemption on 31st March, 2019. Debentures Redemption Reserve has a balance of Rs. 5,00,000 on 31st March, 2018. Pass Journal entries at the time of redemption of debentures.

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