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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.

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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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To ascertain the amount of discount and expenses to be written off each year for Suman Ltd s debentures we can follow these steps 1 Calculate the Tota…View the full answer


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Corporate Accounting

Corporate Accounting

ISBN: 9789353160739

1st Edition

Authors: Anita Raman, P. Radhika

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Question Details
Chapter # 4- ISSUE AND REDEMPTION OF DEBENTURES,,
Section: OTHER EXERCISES
Problem: 6
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Question Posted: August 31, 2023 12:10:48
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