Question : From the following information,
| Particulars | 31 st march, 2020(Rs) | 31 st march, 2019(Rs) |
| General Reserve | 1,50,000 | 1,00,000 |
| Surplus, i.e,, Balance in Statement of Profit and Loss | 70,000 | (60,000) |
| Goodwill | 80,000 | 1,00,000 |
| 10% Non-current Investments | 1,60,000 | 60,000 |
| inventories | 2,45,000 | 60,000 |
| Provision for Doubtful Debts | 1,50,000 | 1,00,000 |
| 10% Debentures | 2,10,000 | 1,00,000 |
| Discount on Issue of Debentures | ......... | 10,000 |
Question:
Interest on Non Current Investments __________.
Option 1: Rs 16,000
Option 2: Rs 6,000
Option 3: Rs 11,000
Option 4: None of the above
Correct Answer: Rs 6,000
Solution : Answer = Rs 6,000
Interest on Non-Current Investments = Rs 6000.
Hence, the correct option is 2.
Related Questions
Question : From the following information,
| Particulars | 31 st march, 2020(Rs) | 31 st march, 2019(Rs) |
| General Reserve | 1,50,000 | 1,00,000 |
| Surplus, i.e,, Balance in Statement of Profit and Loss | 70,000 | (60,000) |
| Goodwill | 80,000 | 1,00,000 |
| 10% Non-current Investments | 1,60,000 | 60,000 |
| inventories | 2,45,000 | 60,000 |
| Provision for Doubtful Debts | 1,50,000 | 1,00,000 |
| 10% Debentures | 2,10,000 | 1,00,000 |
| Discount on Issue of Debentures | ......... | 10,000 |
Question:
Interest on Non Current Investments __________.
Option 1: Rs 16,000
Option 2: Rs 6,000
Option 3: Rs 11,000
Option 4: None of the above
Question : From the following information,
| Particulars | 31 st march, 2020(Rs) | 31 st march, 2019(Rs) |
| General Reserve | 1,50,000 | 1,00,000 |
| Surplus, i.e,, Balance in Statement of Profit and Loss | 70,000 | (60,000) |
| Goodwill | 80,000 | 1,00,000 |
| 10% Non-current Investments | 1,60,000 | 60,000 |
| inventories | 2,45,000 | 60,000 |
| Provision for Doubtful Debts | 1,50,000 | 1,00,000 |
| 10% Debentures | 2,10,000 | 1,00,000 |
| Discount on Issue of Debentures | ......... | 10,000 |
Question:
Amount of goodwill amortized _____________.
Option 1: Rs 20,000
Option 2: Rs 80,000
Option 3: Rs 1,00,000
Option 4: None of the above
Question : From the following information,
| Particulars | 31 st march, 2020(Rs) | 31 st march, 2019(Rs) |
| General Reserve | 1,50,000 | 1,00,000 |
| Surplus, i.e,, Balance in Statement of Profit and Loss | 70,000 | (60,000) |
| Goodwill | 80,000 | 1,00,000 |
| 10% Non-current Investments | 1,60,000 | 60,000 |
| inventories | 2,45,000 | 60,000 |
| Provision for Doubtful Debts | 1,50,000 | 1,00,000 |
| 10% Debentures | 2,10,000 | 1,00,000 |
| Discount on Issue of Debentures | ......... | 10,000 |
Question:
Amount of goodwill amortized _____________.
Option 1: Rs 20,000
Option 2: Rs 80,000
Option 3: Rs 1,00,000
Option 4: None of the above
Question : From the following information,
| Particulars | 31 st march, 2020(Rs) | 31 st march, 2019(Rs) |
| General Reserve | 1,50,000 | 1,00,000 |
| Surplus, i.e,, Balance in Statement of Profit and Loss | 70,000 | (60,000) |
| Goodwill | 80,000 | 1,00,000 |
| 10% Non-current Investments | 1,60,000 | 60,000 |
| inventories | 2,45,000 | 60,000 |
| Provision for Doubtful Debts | 1,50,000 | 1,00,000 |
| 10% Debentures | 2,10,000 | 1,00,000 |
| Discount on Issue of Debentures | ......... | 10,000 |
Question:
Interest On debentures if New Debentures were issued on 1 October 2019 _____.
Option 1: Rs 10,000
Option 2: Rs 21,000
Option 3: Rs 16,500
Option 4: None of the above
Question : From the following information,
| Particulars | 31 st march, 2020(Rs) | 31 st march, 2019(Rs) |
| General Reserve | 1,50,000 | 1,00,000 |
| Surplus, i.e,, Balance in Statement of Profit and Loss | 70,000 | (60,000) |
| Goodwill | 80,000 | 1,00,000 |
| 10% Non-current Investments | 1,60,000 | 60,000 |
| inventories | 2,45,000 | 60,000 |
| Provision for Doubtful Debts | 1,50,000 | 1,00,000 |
| 10% Debentures | 2,10,000 | 1,00,000 |
| Discount on Issue of Debentures | ......... | 10,000 |
Question:
Interest On debentures if New Debentures were issued on 1 October 2019 _____.
Option 1: Rs 10,000
Option 2: Rs 21,000
Option 3: Rs 16,500
Option 4: None of the above
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