Question : On 1st April, 2014, a Limited Company issued debentures of the face value of Rs.5,00,000 at a discount of 6%. The debentures were repayable in 5 years by annual drawings of Rs.1,00,000 made on 31st March each year. Question:- Amount of discount to be written off at the end of March 31, 2015.
Option 1: Rs. 3,000
Option 2: Rs. 1,600
Option 3: Rs. 2,000
Option 4: Rs. 5,000
Correct Answer: Rs. 2,000
Solution : Answer = Rs. 2,000
Hence, the correct option is 3.
Question : On 1st April, 2014, a Limited Company issued debentures of the face value of Rs.5,00,000 at a discount of 6%. The debentures were repayable in 5 years by annual drawings of Rs.1,00,000 made on 31st March each year. Question:- Amount of
Question : On 1st April, 2014, a Limited Company issued debentures of the face value of Rs.5,00,000 at a discount of 6%. The debentures were repayable in 5 years by annual drawings of Rs. 1,00,000 made on 31st March each year. Question:- Amount of
Question : On 1st April, 2014, a Limited Company issued debentures of the face value of Rs. 5,00,000 at a discount of 6%. The debentures were repayable in 5 years by annual drawings of Rs. 1,00,000 made on 31st March each year. Question:- Amount
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