Redemption of debentures

Accountancy

In question 4 of the practical problem , the amount w.r.t debenture redemption reserve investment is encased upto 15% when own debenture is purchased. Why 15% is taken ?

Swathi Krishna

CA Final

★ 8K+

22-Sep-20 13:23

628

Answers (2)

15% is limit for investment. Once debentures are redeemed, this investment is no longer required.

CA Suraj Lakhotia

Admin

23-Sep-20 12:07

Now I understood . Thax

Thread Starter

Swathi Krishna

CA Final

★ 8K+

23-Sep-20 21:38