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When a company plans to redeem its debentures out of profits, it should transfer minimum - % of the face value of the outstanding debenture to Debenture Redemption Reserve out of surplus - Accountancy

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Question

When a company plans to redeem its debentures out of profits, it should transfer minimum - % of the face value of the outstanding debenture to Debenture Redemption Reserve out of surplus available for payment of dividend.

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2019-2020 (March) Outside Delhi Set 1
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