A company issued 1000, 9% Debentures of Rs 50 each, redeemable at par after 4 years. Interest is payable on half yearly basis. How much amount will be debited to statement of P & L every year ?
Answer & explanation
Correct answer: option 4
"Debentures amount- 50,000
Interest payable every year = 9% of 50,000
= 4,500 "