Discussion Forum : Issue And Redemption Of Debentures
Question -
On 1st April 2017, Sunrise Ltd issued 5000, 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?
Answer: Option C
:
C
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:
C
Interest
= 5000*100*8%
= 40,000
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