Advertisements
Advertisements
Question
Venus Ltd. issued 2,00,000, 8% Debentures of ₹ 100 each at 10% discount on 1st April, 2025. Interest is payable half-yearly on 30th September and 31st March every year. Interest written off on 31st March, 2026 was
Options
₹ 16,00,000.
₹ 14,40,000.
₹ 8,00,000.
₹ 7,20,000.
MCQ
Advertisements
Solution
₹ 16,00,000.
Explanation:
Face value = 2,00,000 × ₹ 100 = ₹ 2,00,00,000
Annual interest = ₹ 2,00,00,000 × 8% = ₹ 16,00,000.
shaalaa.com
Is there an error in this question or solution?
