Practicing Success
Practicing Success
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| 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 ? |
₹4,000
₹1,000
₹2,200
₹4,500
|
| ₹4,500 |
| "Debentures amount- 50,000 Interest payable every year = 9% of 50,000 = 4,500 " |
