Globe Ltd. issues 20,000, 9% debentures of Rs. 100 each at a discount of 5% redeemable at the end of 5 years at a premium of 6%. For what amount ‘Loss on Issue of Debentures Account’ will be debited? Post category:Accountancy Reading time:1 mins read SOLUTION Rs. 2,20,000. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostOn 1st April 2017, Sunrise Limited issued 5,000, 8% debentures of Rs. 100 each at a discount of 5%. What will be the total amount of interest for the year ending 31st March 2018? Next PostWhat is meant by Redemption of Debentures? You Might Also Like How will you classify loans given by Tata Finance Company? October 6, 2022 How will you deal increase in the balance of ‘Securities Premium’ while preparing a Cash Flow Statement? October 4, 2022 What is meant by ‘Redeemable Debenture’? September 29, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
How will you deal increase in the balance of ‘Securities Premium’ while preparing a Cash Flow Statement? October 4, 2022
