Doubt in a problem nov10 ipcc question paper!
This query is : Resolved
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
08 March 2013
What is the Q No???
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
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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