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Question
Issued 5,000, 12% debentures of ₹ 100 each at a discount of 2%, redeemable at a premium of 5%. In such a case ______.
Options
Loss on Issue will be credited by ₹ 10,000.
Loss on Issue will be debited by ₹ 35,000.
Premium on Redemption will be debited by ₹ 25,000.
Premium on Redemption will be credited by ₹ 35,000.
MCQ
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Solution
Issued 5,000, 12% debentures of ₹100 each at a discount of 2%, redeemable at a premium of 5%. In such a case, loss on issue will be debited by ₹ 35,000.
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