Question No. 6
T Ltd. has issued 14% 20,000 Debentures of Rs. 100 each at a discount of 10% on April 01, 2004 and the company pays interest half-yearly on June 30,
December 31 every year. On March 31, 2006, the amount shown as "interest accrued but not due" in the Balance Sheet will be
O Rs.2, 10,000 under current liabilities
Rs. 1.40,000 shown along with Debentures
O Rs.70,000 shown along with Debentures
Rs.70,000 under current liabilities
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Answer:20,000*100=20,00,000*14%=280,000
280,000*3/12 =70,000 interest up to 30th June
interest left 210,000
answer will be Rs 210,000 under C.L
Explanation:
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