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Question
Rohit Limited issued 2,000, 9% Debentures of ₹ 100 each at ₹ 95 per debenture. 9% Debentures Account will be credited by ______.
Options
₹ 1,90,000.
₹ 1,10,000.
₹ 2,00,000.
₹ 10,000.
MCQ
Fill in the Blanks
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Solution
Rohit Limited issued 2,000, 9% Debentures of ₹ 100 each at ₹ 95 per debenture. 9% Debentures Account will be credited by ₹ 2,00,000.
Explanation:
Debentures Account is always credited with the face value of debentures.
2,000 × ₹ 100 = ₹ 2,00,000
The ₹ 5 discount per debenture is recorded separately.
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