P Ltd. issued 12% 10,000 debentures of ₹100 each at a discount of 10% on 1st April 2016. The company pays interest half yearly on 30th June and 31st December every year. On 31st March 2020 the amount shown as 'Interest a
CS Executive · Corporate and Management Accounting · PYQS · December 2021
P Ltd. issued 12% 10,000 debentures of ₹100 each at a discount of 10% on 1st April 2016. The company pays interest half yearly on 30th June and 31st December every year. On 31st March 2020 the amount shown as 'Interest accrued but not due' in the balance sheet will be :
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Company Accounts
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