A company issued 9% debentures of …
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A company issued 9% debentures of rupees 1000000 at 8% discount, redeemable at par. The debentures are to be redeemed by drawings method in following manner:
Year ended amount( face value)
2 100000
3 200000
4 300000
5 400000
Calculate the amount of discount on issue of debentures to be written off each year.
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Anmol Mishra 6 years, 8 months ago
0Thank You