Question : If a debenture of Rs.100 is issued at Rs.98 and is redeemable at Rs.105,
Debentures account will be credited by ---------
Option 1: Rs 98
Option 2: Rs 105
Option 3: Rs 100
Option 4: Rs 110
Answer (1)
25th Jan, 2024
Correct Answer: Rs 100
Solution : Answer = Rs 100
Bank A/c Dr. 98
To Deb. Application and allotment A/c 98
Deb. Application and allotment A/c Dr 98
Loss on the issue of Deb. A/c Dr 7
To % Deb. A/c 100
To Premium on Red. of Deb. A/c 5
Hence, the correct option is 3.
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