T Ltd. has issued 14% Debentures of Rs. 20,00,000 at a discount of 10% on April 1, 2020 and the company pays interest half-yearly on June 30, and December 31 every year. Which amount was shown as “interest accrued but not due” in the Balance Sheet on March 31,2022?

Rs. 70,000 Rs. 2,10,000 Rs. 1,40,000 Rs. 2,80,000

Rs. 70,000

Accrued Interest from 1.1.2022 to 31.3.2022 = Rs. 20,00,000 × 14% × 3/12 = Rs. 70,000