Practicing Success
Practicing Success
CUET Preparation Today
| Y Ltd issued 50,000, 12% Debentures of Rs 10 each at a discount of 10%. As per the terms of issue, debentures are to be redeemed at the end of 5 years. How much amount of discount would be written off from the statement of P & L every year? |
₹50,000
₹5,000
₹10,000
₹1,000
|
| ₹10,000 |
| "Discount - Rs 1 ( 10% of Rs10)* 50000= Rs 50,000. Amount to be written off every yer= 50,000/5=10,000" |
