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On 1st April 2012 , Z …

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On 1st April 2012 , Z ltd issued 10,00,000 10% debentures of 100 each at 94% redeem at par. The debentures are to be redeemed by drawing method in following manner : Year end 2nd 3rd 4th 5th Nominal value 10% 20% 30% 40% of debentures redeemed Calculate the amount of discount on issue of debentures to be written of each year.

Posted by Rana Rukshan 4 years, 1 month ago

CBSE > Class 12 > Accountancy

2 answers

Rana Rukshan 4 years ago

Please explain me briefly

Khushi Varshney 4 years, 1 month ago

I think the whole discount on issue of debentures(60,000) will be written in the year of issue i.e.on 31st march 2013

ANSWER

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