Sherry Ltd. (a listed NBFC) has 50,000, 6% Debentures of ₹ 100 each due for redemption on 31st March, 2022
Sherry Ltd. (a listed NBFC) has 50,000, 6% Debentures of ₹ 100 each due for redemption on 31st March, 2022. It invested in Debentures Redemption Investments on 1st April, 2021 and realised it at 105% and redeemed the debentures.
Determine the sale of value of investments.
Anurag Pathak Changed status to publish November 2, 2023
Solution:-
Debentures Redemption Investment = 50,00,000 ✕ 15% = ₹ 7,50,000
Debenture Redemption Investment Realised = 7,50,000 ✕ 105% = ₹ 7,87,500
Anurag Pathak Changed status to publish November 2, 2023
