On 1st April X Lts. issued Rs1, 00, 00015% Debentures of Rs 10 each at 94%...

 

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On 1st April X Lts. issued Rs1, 00, 00015% Debentures of Rs 10 each at 94% redeemable at per as follows: YearendNominal value of Total Debentures to redeemed The amount of discount to be 10% 20% 30% 40% written off each year assuming that the company closes its accounts on financial year basis is - 2 3 4 5 A B C D Rs2, 400, Rs1, 800, Rs1, 200, Rs600 Rs1, 500, Rs1, 500, Rs1, 350, Rs1,050, Rs600 Rs1, 200 each year None of these On 1st April X Lts. issued Rs1, 00, 00015% Debentures of Rs 10 each at 94% redeemable at per as follows: YearendNominal value of Total Debentures to redeemed The amount of discount to be 10% 20% 30% 40% written off each year assuming that the company closes its accounts on financial year basis is - 2 3 4 5 A B C D Rs2, 400, Rs1, 800, Rs1, 200, Rs600 Rs1, 500, Rs1, 500, Rs1, 350, Rs1,050, Rs600 Rs1, 200 each year None of these

Answer rating: 100% (QA)

ANSWER C CALCULATION 1st year Rs1 00 000 15 94 Rs1 ... View the full answer