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X Ltd.wants to redeem 5,000, 5% Debentur...

X Ltd.wants to redeem 5,000, 5% Debentures of Rs. 100 each at 5% premium. How much amount it must transfer to Debenture Redemption Reserve, if it has already a balance of Rs. 1,00,000 in Debenture Redemption Reserve Account?

A

Rs. 4,00,000

B

Rs. 1,50,000

C

Rs. 2,00,000

D

Rs. 25,000

Text Solution

Verified by Experts

The correct Answer is:
B
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