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प्रश्न
B. Ltd. issued debentures at 94% for Rs 4,00,000 on April 01, 2011 repayable by five equal drawings of Rs 80,000 each. The company prepares its final accounts on March 31 every year.
Indicate the amount of discount to be written-off every accounting year assuming that the company decides to write-off the debentures discount during the life of debentures. (Amount to be written-off: 2012 Rs 8,000; 2013 Rs 6,400; 2014 Rs 4,800; 2015 Rs 2,000; 2016 Rs 1,600).
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उत्तर
Debenture issued = `4,00,000 " @ " 94%`
Discount on issue = `6%`
Amount on discount on issue of debenture = `4,00,000 xx 6/100 = 24,000`
Amount of discount to written off every year
In 2012 = ₹8,000
In 2013 = ₹6,400
In 2014 = ₹4,800
In 2015 = ₹3,200
In 2016 = ₹1,600
Working Notes:
|
Year |
Debentures Outstanding |
Ratio |
Months |
New Ratio (Ratio × Months) |
Amounts written off |
|
2012 |
|
|
|
|
|
|
Apr-Mar |
3,20,000 |
5 |
12 |
60 |
`24,000 xx 60/180 = 8,000` |
|
2013 |
|
|
|
|
|
|
Apr-Mar |
2,40,000 |
4 |
12 |
48 |
`24,000 xx 48/180 = 6,400` |
|
2014 |
|
|
|
|
|
|
Apr-Mar |
1,60,000 |
3 |
12 |
36 |
`24,000 xx 36/180 = 4,800` |
|
2015 |
|
|
|
|
|
|
Apr-Mar |
80,000 |
2 |
12 |
24 |
`24,000 xx 24/180 = 3,200` |
|
2016 |
|
|
|
|
|
|
Apr-Mar |
80,000 |
1 |
12 |
12 |
`24,000 xx 12/180 = 1,600` |
|
|
|
|
|
180 |
|
Note: As per NCERT, ₹2,000 discount has been written off in the year 2015 which is incorrect because then the total discount amounts to ₹22,800. Therefore, it should be ₹3,200.
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