Question

Misha Ltd. issued 6,000, 8% Debentures of ₹ 100 each at ₹ 96 per debenture. 8% Debentures Account will be credited by ______.

Options

• ₹ 5,76,000.

• ₹ 24,000.

• ₹ 6,00,000.

• ₹ 60,000.

Answer 1

Misha Ltd. issued 6,000, 8% Debentures of ₹ 100 each at ₹ 96 per debenture. 8% Debentures Account will be credited by ₹ 6,00,000.

Explanation:

Although the debentures are issued at ₹ 96, Debentures Account is credited with their face value of ₹ 100 each.

6,000 × ₹ 100 = ₹ 6,00,000​