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  3. 12th Class
  4. Accountancy

12th Class Accountancy Sample Paper Accountancy - Sample Paper-9

  • question_answer
    ISC Ltd issued 10,000,10% debentures of Rs. 100 each at a premium of 8% on 30th June, 2016, redeemable at par on 30th June, 2017. The issue was fully subscribed. How much amount of DRR is to be created before redemption of debentures.

    Answer:

    Debenture Redemption Reserve will be created for a sum equal to 25% of Rs. 10,00,000 i.e. Rs. 2,50,000.


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