On 1st April, 2017, Y Ltd. purchased 1,000, 12% debentures of 100 each @ 98
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On 1st April, 2017, Y Ltd. purchased 1,000, 12% debentures of ₹ 100 each @ ₹ 98 (ex-interest). Interest is payable half-yearly on 30th June and 31st December. The date of closing the books of accounts is 31st December every year. The amount to be debited to Debenture Redemption Account is
A. ₹ 98,000
B. ₹ 1,00,000
C. ₹ 95,000
D. None of the above
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Related Book For
Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015
ISBN: 9789352605569
2nd Edition
Authors: M Hanif, A Mukherjee
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