Student Community

Sherry Ltd. (a listed NBFC) has 50,000, 6% Debentures of ₹ 100 each due for redemption on 31st March, 2022

1.09K viewsNovember 2, 2023Redemption of Debentures

Anurag Pathak28.65K November 2, 2023 0 Comments

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

Add a Comment

1 Answer

Anurag Pathak28.65K Posted November 2, 2023 0 Comments

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

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

Sherry Ltd. (a listed NBFC) has 50,000, 6% Debentures of ₹ 100 each due for redemption on 31st March, 2022

1 Answer

Anurag Pathak

1 Answer

Anurag Pathak

Related Questions