Question

- X Ltd issued 2,000 , 10% Debentures of Rs 100 each on 1st April , 2013 at par and redeemable at a premium of 10% . Pass Journal entries for issue of Debentures and payment of interest for the year 2013-14 assuming that interest was payable halfyearly on 30th september and 31st March and tax deducted at source 10%. State the amount that will be transfered to Statement of Profit and Loss at the end of the year. *
25,000
20,000
15,000
30,000​

Answer 1

Answer:

interest for the year 2013-14 assuming that interest was payable halfyearly on 30th september and 31st March and tax deducted at source 10%. State the amount that will be transfered to Statement of Profit and Loss at the end of the year. *