Savitri Ltd. issued 50,000, 8% Debentures of ₹ 100 each at certain rate of premium and to be redeemed at 10% premium. At the time of writing off Loss on Issue of Debentures, Statement of Profit and Loss was debited with ₹ 2,00,000. At what rate of premium, these debentures were issued?

Class 12th Accountancy , Question - Savitri Ltd. issued 50,000, 8% Debentures of ₹ 100 each at certain rate of premium and to be redeemed at 10% premium. At the time of writing off Loss on Issue of Debentures, Statement of Profit and Loss was debited with ₹2,00,000. At what rate of premium, these debentures were issued? 

By
Rohit Sharma
-
Accountancy

These are the options for the Question : Savitri Ltd. issued 50,000, 8% Debentures of ₹ 100 each at certain rate of premium and to be redeemed at 10% premium. At the time of writing off Loss on Issue of Debentures, Statement of Profit and Loss was debited with ₹2,00,000. At what rate of premium, these debentures were issued?

 

a) ₹ 36,000 b) ₹ 45,000
c) ₹ 30,000 d) ₹ 32,400

 

The correct answer is –  c) ₹ 30,000

 

 

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