SS Ltd. purchased ₹15,000, 8% own debentures of ₹1,000 each on 30th September at ₹960 cum-interest. If interest is payable on 30th June and 31st December, the amount debited to Own Debentures Account at the time of purch
CS Executive · Corporate and Management Accounting · PYQS · December 2022
SS Ltd. purchased ₹15,000, 8% own debentures of ₹1,000 each on 30th September at ₹960 cum-interest. If interest is payable on 30th June and 31st December, the amount debited to Own Debentures Account at the time of purchase would be :
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Company Accounts
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