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Get complete step-by-step solutions for USHA Publication Class 12 Part 2 2024 - Chapter No. 10 – Company Accounts (Redemption of Debentures), USHA 2024 Part 2. Study double-entry system details, practice timed problems, and verify answers directly.
Chapter No. 10 – Company Accounts (Redemption of Debentures), USHA 2024 Part 2
Question 1 Chapter 10 of Class 12 Part – 2 – 2024
(Various cases of DRR)
Find the amount of DRR to be made in the following cases.
(i) 3,000 10% debenture of 100 each to be redeemed on 31" March 2019 (Unlisted Co.).
(ii) 3,000 10% debenture of 100 each to be redeemed on 31St March 2019 (Listed Co.).
(iii) Issued 3,000 10% Debentures of 100 each on 1st April, 2016 to be redeemed in five equal installments beginning from 31st March, 2018 (Unlisted Co.)
(iv) Issued 3,000 10% Debentures of 100 each on 1st April, 2016 to be redeemed in five equal installments beginning from 31st March, 2018 (Listed Co.).
(v) 3,000 10% fully convertible Debentures of 100 each issued on 1st April 2016 redeemable by conversion after 5 years.
We are providing a solution of Question 1 Chapter 10 of Class 12 Part – 2 Usha Publication in two formats. one is in Video format and another is in article format. Check out both formats as follows:
The video consists solution of question numbers from 1 to 5 Chapter no. 10 class 12 of Usha publication. To check the direct solution of question no. 1 from the following video by using time stamps of the video.
https://youtu.be/KFtAd2eoM-g?si=oPGMDuBO9tmQXZA5
| Case | Type of Company |
Percentage of DRR Required | ₹ Amount of DRR |
|---|---|---|---|
| (i) | Unlisted | 10% | ₹ 3,00,000 x 10% =30,000 |
| (ii) | Listed | NIL | NIL |
| (iii) | Unlisted | 10% | ₹ 3,00,000 x 10% =30,000 |
| (iv) | Listed | NIL | NIL |
| (v) | Conversion | DRR is not created in case of conversion | NIL |
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.