Question

Diksha Ltd. issued 4,000, 9% Debentures of ₹ 100 each at a discount of 10%, redeemable at a premium. If the amount of ‘Loss on Issue of Debentures Account’ was ₹ 60,000, then the amount of premium on redemption was ______.

विकल्प

• ₹ 60,000

• ₹ 40,000

• ₹ 20,000

• ₹ 80,000

Answer 1

Diksha Ltd. issued 4,000, 9% Debentures of ₹ 100 each at a discount of 10%, redeemable at a premium. If the amount of ‘Loss on Issue of Debentures Account’ was ₹ 60,000, then the amount of premium on redemption was ₹ 20,000.