Question : If on 1st April 2018, Sunshine Limited issued 5,000, 8% debentures of Rs.100 each at a discount of 10%. What will be the total amount of interest for the year ending 31st March 2019? (TDS is 10% p.a.)
Option 1: Rs. 36,000
Option 2: Rs. 32,000
Option 3: Rs. 40,000
Option 4: None of the above
Correct Answer: Rs. 40,000
Solution : Answer = Rs. 40,000
Interest on debentures = Rs.5,00,000 x 8% = Rs 40,000.
Hence, the correct option is 3.




