Question

Mars Ltd. issued 30,000, 10% Debentures of ₹ 100 each at par on 1st April, 2020. The terms of redemption were: On 31st March, 2023 - 10,000 debentures, on 31st March, 2024 - 8,000 on 31st March, 2025 - 6,000 and on 31st March, 2026 - balance debentures.

What will be the amount of interest on debentures for the financial year 2024-25?

विकल्प

• ₹ 3,00,000

• ₹ 2,40,000

• ₹ 1,20,000

• ₹ 60,000

Answer 1

₹ 1,20,000

Explanation:

Debentures outstanding on 1st April, 2024:

30,000 −  10,000 − 8,000 = 12,000

Interest for 2024–25:

12,000 × ₹ 100 × 10% = ₹ 1,20,000