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Question :

R Ltd. issued 10,000, 12% Debentures of Rs. 100 each at a discount of 5%. Discount on issue of debenture account will be ----------. Debenture account credited by --------

 

Option 1: Debited by Rs 50,000, Debentures credited by 10,00,000

Option 2: Credited by Rs 50,000 debentures account credited by 10,00,000

Option 3: Debited by Rs 50,000 Debentures account credited by Rs 9,50,000

Option 4: None of the above 


Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: Debited by Rs 50,000, Debentures credited by 10,00,000


Solution : Answer = Debited by Rs 50,000, Debentures credited by Rs 10,00,000

Discount on issue of DeBentures = 50,000 Rs

(10000 DeBentures @ Rs 5)

12 % DeBentures             =         10,00,000

(10,000 deB @ 100 each)
Hence, the correct option is 1.

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