Doubts

SOLUTION In the order of Permanence.

SOLUTION Four.

SOLUTION Two.

SOLUTION From 1st April to 31st March.

SOLUTION (i) Statement of Profit & Loss and (ii) Balance Sheet.

SOLUTION The amount proportionate to the debentures redeemed shall be transferred from Debenture Redemption Reserve (DRR) to General Reserve. For example, if the amount of Outstanding Debentures is Rs. 10,00,000…

SOLUTION Under this method, the Company redeems whole of its Debenture in one lump-sum at the expiry of a specified period, i.e., at maturity date of the debentures or earlier…

SOLUTION (i) Debentures issued by All India Financial Institutions registered with RBI; and (ii) Banking Companies.

SOLUTION When profits equal to the amount utilised for repayment is transferred from Surplus of Statement of Profit and Loss to a newly opened account titled ‘Debenture Redemption Reserve Account…