M Ltd. issued 8% Debentures of ₹60 Lakh on 1st January, 2019 at a discount of 10%. The debentures are redeemable in three equal instalments of ₹20 Lakh each payable on 31st December every year. The amount of discount to
CS Executive · Corporate and Management Accounting · PYQS · December 2019
M Ltd. issued 8% Debentures of ₹60 Lakh on 1st January, 2019 at a discount of 10%. The debentures are redeemable in three equal instalments of ₹20 Lakh each payable on 31st December every year. The amount of discount to be written at the end of the year on 31st March, 2021, will be:
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Company Accounts
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