Student Community

Dow Housing Finance Ltd. issued ₹ 2,00,000; 8% Debentures of ₹ 10 each at a premium of 8% on 30th June, 2020 redeemable on 31st March, 2023

629 viewsNovember 1, 2023Redemption of Debentures

Anurag Pathak28.65K November 1, 2023 0 Comments

Dow Housing Finance Ltd. issued ₹ 2,00,000; 8% Debentures of ₹ 10 each at a premium of 8% on 30th June, 2020 redeemable on 31st March, 2023. How much amount should be transferred to Debentures Redemption Reserve?

Anurag Pathak Changed status to publish November 1, 2023

Add a Comment

1 Answer

Anurag Pathak28.65K Posted November 1, 2023 0 Comments

Solution:- Nil Explanation:- Housing Finance Corporation (listed and unlisted) are exempted from creating DRR for the purpose of Redemption of Debentures

Anurag Pathak Changed status to publish November 1, 2023

Add a Comment

Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

Articles: 8142

Telegram Channel

Telegram Channel

Dow Housing Finance Ltd. issued ₹ 2,00,000; 8% Debentures of ₹ 10 each at a premium of 8% on 30th June, 2020 redeemable on 31st March, 2023

1 Answer

Anurag Pathak

1 Answer

Anurag Pathak

Related Questions