Question : If a debenture of Rs.100 is issued at Rs.98 and is redeemable at Rs.105.
The Bank account will be debited by ---------
Option 1: Rs 100
Option 2: Rs 110
Option 3: Rs 98
Option 4: Rs 105
Answer (1)
17th Jan, 2024
Correct Answer: Rs 98
Solution : Answer = Rs 98
When a debenture is issued at a discount, the bank account is debited with the actual cash received, which is the discounted price of the debenture. In this case, since the debenture is issued at Rs. 98, the bank account will be debited by Rs. 98.
Hence, the correct option is 3.
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