Calculate the amount of discount to be written off in eighth (VIII) year on the debenture of ₹80,00,000 issued at a discount of 10% repayable in annual drawing of ₹ 10,00,000 each year.
CS Executive · Corporate and Management Accounting · PYQS · December 2024
Calculate the amount of discount to be written off in eighth (VIII) year on the debenture of ₹80,00,000 issued at a discount of 10% repayable in annual drawing of ₹ 10,00,000 each year.
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Debentures
Related Questions in this Topic
- When a company issues debenture at par or at a discount which are redeemable at a premium, the premium payable on redemp...
- ABC Ltd., issued 20,00,000 10% debenture at a discount of 5%; the debenture- holders have an option of converting the am...
- A company issue of 12%, 100000 debentures of ₹ 100 each at 10% discount and redeemable at a premium of 5%. Calculate the...
- Calculate, the amount credited to Security Premium Account as on 1.4.2024 on the basis of information provided in Questi...
- 1st April, 2021, XYZ Ltd. issued 5,000; 8% Debentures of ₹ 100 each at ₹ 96 and redeemable at par after 5 years. The com...