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Question
On 1st April 2023, Veebee Ltd. issued 20,000, 13% debentures of ₹ 100 each at a discount of 10% redeemable at a premium of 5% after 4 years.
Total amount of interest on debentures for the year ending 31st March, 2024 will be ______.
Options
₹ 2,00,000
₹ 2,60,000
₹ 1,00,000
₹ 3,00,000
MCQ
Fill in the Blanks
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Solution
On 1st April 2023, Veebee Ltd. issued 20,000, 13% debentures of ₹ 100 each at a discount of 10% redeemable at a premium of 5% after 4 years.
Total amount of interest on debentures for the year ending 31st March, 2024 will be ₹ 2,60,000.
Explanation:
Interest on debentures = `(20,000 xx 100) xx 13/100`
= ₹ 2,60,000
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