Question

On Ist April 2007, 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 2008?

Answer 1

Answer:

I venture respectfully to submit that that is a perfectly sound view. I would respectfully dissent from that and dissent from it on the basis of something else which he said. I respectfully ask you to rule on this grave matter. I will venture very respectfully to make one other comment