Joint Stock Company Accounts : Redemption of Debenture — Formula Sheet
ICSE · Class 12 · Accountancy
4 formulas from Joint Stock Company Accounts : Redemption of Debenture (ICSE Class 12 Accountancy) on one page, grouped by topic.
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Formulas and Key Relations
Debenture Redemption Reserve
DRR >= 25% of the amount of debentures issued
DRR >= 100% of debentures issued
Proportionate amount of DRR = (Amount of DRR / Amount of Debentures issued) x Amount of Debentures Redeemed
Minimum DRR = 25% of debentures issued.
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