Question

f Rs.2,00,000, 6% debentures are issued for consideration other than cash; Rs.3,00.000,

8% debentures are issued as collateral security and Rs.5,00,000, 10% debentures are issued

for cash, what will be the amount of interest on debentures for the year?

(a) Rs.74,000 (b) Rs.36,000 (c) Rs.86,000 (d) Rs 62,000
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Answer 1

Answer:

62000 is the right answer

200000*6/100= 12000

500000*10/100=50000

interest on debenture issued as collateral security is not paid because these debenture are not issued they are placed as security