P Ltd. issues 10,000, 7% debentures of ₹100 each at a discount of 5% redeemable at the end of 7 years at a premium of 6%. Loss on issue of debenture account will be debited by :
CS Executive · Corporate and Management Accounting · PYQS · December 2021
P Ltd. issues 10,000, 7% debentures of ₹100 each at a discount of 5% redeemable at the end of 7 years at a premium of 6%. Loss on issue of debenture account will be debited by :
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Debentures
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