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Doubt in a problem nov10 ipcc question paper!

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08 March 2013 In ipcc- Nov10 accounts question paper, A question from Accounting for bonus issue 'BUMBUM ltd ' problem, how interest on debentures is computed as rs.7500? Please reply me! My email id sainaresha@rediff.com
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CS RAJESH C.CHOUDHARY

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CS RAJESH C.CHOUDHARY (Expert)
08 March 2013 What is the Q No???
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
08 March 2013 Hi Naresh,

The interest is payable for 4 months - April, May, June and July.

So the computation is:

Rs 250000*9%*4/12 = Rs 7,500
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