Multiple Choice Questions on Issued 5 000 12 debentures of Rs100 each at a discount of 2 redeemable at a premium of 5 In such cas........... for Commerce 12th Preparation

Back to Main Page

Multiple Choice Questions

Issued 5 000 12 debentures of Rs100 each at a discount of 2 redeemable at a premium of 5 In such cas...........

    Download Solution PDF

    Issued 5,000, 12% debentures of Rs100 each at a discount of 2%, redeemable at a premium of 5%. In such case :

    Loss on Issue will be Credited by Rs10,000.

    Incorrect Answer

    Loss on Issue will be debited by Rs35,000.

    Correct Answer

    Premium on Redemption will be debited by Rs25,000.

    Incorrect Answer

    Premium on Redemption will be credited by Rs35,000.

    Incorrect Answer
    छोटे Courses बड़े Results
    Master
    Prepare through Micro-courses
    Try Now
    Explanation:

    Loss on Issue will be debited by Rs35,000.

    By: santosh
    ProfileResources

    Let's Discuss

    Master
    With abhipedia
    Micro Courses
    Try Now
    What our students have to say
    Review on us
    Download Abhipedia Android App

    Access to prime resources

    Downlod from playstore
    download android app download android app for free