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On 1st April 2017, Sunrise Limited issued 5,000, 8% debentures of Rs. 100 each at a discount of 5%. What will be the total amount of interest for the year ending 31st March 2018?

  • Post category:Accountancy
  • Reading time:1 mins read

SOLUTION

Rs. 40,000.



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Previous PostPass the necessary journal entry when 10,000 debentures of Rs.  100 each are issued as collateral security against a Bank Loan of Rs. 8,00,000.
Next PostGlobe Ltd. issues 20,000, 9% debentures of Rs. 100 each at a discount of 5% redeemable at the end of 5 years at a premium of 6%. For what amount ‘Loss on Issue of Debentures Account’ will be debited?

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