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Question 05 Chapter 10 of +2-A
5. Export-Import Bank of India EXIM Bank issued 20,000, 10% Debentures of 100 each Through public issue and 10,000, 10% Debentures of 100 each through private placement . State the amount of investment to be made by EXIM Bank before redemption of debentures.
The Companies Act, 2013 exempts Banking Companies to invest in specified securities. Under this act, the Banking companies cannot issue or invest any type of securities to the public or private sectors. There are Some Specific securities in which the Banking Companies make an investment. In this case, we not make an account or not pass journal entries in the books.
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Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Question 05 Chapter 10 of +2-A - T.S. Grewal 12 Class", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to T.S. Grewal 12 Class Book Keeping Part - A - Vol. 2.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
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