Issued 20,000 , 12% debenture of Rs 100 each at a premium of 4%, redeemable at a premium of 10%. In such case:
A. Loss on issue will be debited by Rs 1,20,000
B. Loss on issue will be debited by Rs 2,00,000
C. Loss on issue will be debited by Rs 2, 88,000
D. None of the above
Answer:B
Issued 20,000 , 12% debenture of Rs 100 each at a premium of 4%, redeemable at a premium of 10%. In such case:
A. Loss on issue will be debited by Rs 1,20,000 B. Loss on issue will be debited by Rs 2,00,000 C. Loss on issue will be debited by Rs 2, 88,000 D. None of the above