The amount remaining invested or deposited in the specified securities shall not, at any time, fall below __________ of the amount of debentures maturing during the year ending on 31st March of every year.

CS Executive · Corporate and Management Accounting · PYQS · December 2022
The amount remaining invested or deposited in the specified securities shall not, at any time, fall below __________ of the amount of debentures maturing during the year ending on 31st March of every year.
(A) 10%
(B) 15%
(C) 20%
(D) 25%

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Company Accounts

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