Suman Ltd. issued 40,000 debentures of 100 each, at a discount of 10%. The expenses of issue
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Suman Ltd. issued 40,000 debentures of ₹100 each, at a discount of 10%. The expenses of issue amounted to ₹1,00,000. The debentures were agreed to be redeemed at the rate of ₹8,00,000 each year, commencing from the end of the third year.
Ascertain the amount of discount and expenses to be written off each year.
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Step by Step Answer:
To ascertain the amount of discount and expenses to be written off each year for Suman Ltds debentures we can follow these steps 1 Calculate the Total ...View the full answer
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