Sun Ltd issues 400, 12% debentures of ₹100 each at a discount of 5%, redeemable at the end of 5 years at
a premium of 2%. The loss on issue of debentures A/c is:
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discount = 40,000×5/100= 2000
premium = 40,000×2/100 =800
total loss = 2000+800 = 2800
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