Question

If a company issued 6,000, 8% debentures of Rs. 75 each at 8% discount redeemable at 110% the

amount to be debited to Bank Account is:

(a) Rs. 5,29,000

(b) Rs. 3,69,000

(c) Rs. 5,64,000

(d) Rs. 4,14,000​

Answer 1

b) Rs. 3,69,000 is amount to be debited to Bank account