Question

Demand of salt is nearly perfectly inelastic. if
government imposes a tax
of 20 %
on sall, what shall be the effect
quantity demanded on salt?​

Answer 1

Explanation:

Rise Ltd had issued 40,000, 8% debentures of Rs. 100 each redeemable

on 31st march 2015. It was decided to invest 15% of the face value of

debentures to be redeemed towards debenture redemption investment on

30th april 2014. Investments were encashed and debentures were

redeemed on due date. Record necessary journal entries for redemption of

debentures