Accountancy, asked by monalibhong53559, 3 months ago

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200,12% DEB OF Rs 100/each interest due on 31st dec, at Rs : 98(ex interest )on 1-3-2021....what will be cost price accounted ?
O 19200
O 19600
O 20000
O 20400​

Answers

Answered by shaikhnagma902121
0

Answer:

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Explanation:

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Answered by Chaitanya1696
0

ANSWER:

The required cost price which will be accounted  is 19600.

Step-by-step explanation:

Given: 200, 12% debentures of Rs.100 each were issued at Rs.98.

To find The cost price of the debentures that will be accounted for.

Solution:

  • Issue price of Debentures Rs.100.
  • Interest due: Rs 2.
  • Intrest for the debenture in total: F.V×R×T  

                                                      = 100×200×12\frac{2}{12}

                                                      = 20,000×\frac{12}{100}×\frac{2}{12}

                                                      = 400.

  • The cost price of debentures = 20,000 - 400 = 19,600.
  • Therefore, the cost price at which debentures will be accounted for is 19600.

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