Question : On 1st April 2013, a Limited Co. issued 7,000 debentures of Rs.200 each at a discount of 5%. Debentures were to be redeemed at the end of seven years at par. The amount of Discount to be written off at the end of the fifth year will be _______.

Option 1: Rs. 70,000

Option 2: Rs. 20,000
 

Option 3: Rs. 10,000

Option 4: Rs. 50,000
 

Question : On 1st April 2013, a Limited Co. issued 7,000 debentures of Rs.200 each at a discount of 5%. Debentures were to be redeemed at the end of seven years at par. The amount of Discount to be written off at the end of the fifth year will be _______.

Option 1: Rs. 70,000

Option 2: Rs. 20,000
 

Option 3: Rs. 10,000

Option 4: Rs. 50,000
 

Question : On 1st April 2013, a Limited Company issued 11% Rs. 10,00,000 debentures at a discount of 6%, repayable at the end of 5 years at par. Assume that the accounts are closed on 31st March each year. Calculate the amount of discount to be written off at the end of March 31, 2016.

Option 1: Rs. 60,000
 

Option 2: Rs. 12,000

Option 3: Rs. 10,000

Option 4: Rs. 20,000

Question : On 1st April 2013, a Limited Company issued 11% Rs. 10,00,000 debentures at a discount of 6%, repayable at the end of 5 years at par. Assume that the accounts are closed on 31st March each year. Calculate the amount of discount to be written off at the end of March 31, 2016.

Option 1: Rs. 60,000
 

Option 2: Rs. 12,000

Option 3: Rs. 10,000

Option 4: Rs. 20,000

Question : The underwriters were to be paid a commission of  Rs. 48,000. 25% of the amount was paid to them in cash and the balance was paid by the issue of Debentures of Rs. 100 each at a discount of 10% to be redeemed at par. Number of debentures issued will be ____________.
 

Option 1: 480 Debentures 
 

Option 2: 400 Debentures 
 

Option 3: 360 Debentures 
 

Option 4: 280 Debentures 
 

Question : The underwriters were to be paid a commission of  Rs. 48,000. 25% of the amount was paid to them in cash and the balance was paid by the issue of Debentures of Rs. 100 each at a discount of 10% to be redeemed at par. Number of debentures issued will be ____________.
 

Option 1: 480 Debentures 
 

Option 2: 400 Debentures 
 

Option 3: 360 Debentures 
 

Option 4: 280 Debentures