Win Ltd. issued 20,000, 8% debentures of Rs.10 each at par, which are redeemable after 5 years at a premium of 20%. The amount of loss on redemption of debentures to be written off every year will be
8 Replies
Tehsinkhan Pathan
(CA CMA DISA(ICAI) B.COM)
(3956 Points)
Replied 19 February 2011
PREMIUM PAYABLE ON REDEMPTION = 20000 SHARES * RS.10 * 20%
= 40000/-
LIFE OF DEBENTURE IS 5 YEARS THEN AMOUNT TO BE WRITTEN OF EACH YEAR WILL BE :=
= 40000 / 5
= RS.8000/- PER YEAR
Mahesh
(Student)
(386 Points)
Replied 20 February 2011
| Originally posted by : Tehsinkhan pathan | ||
 |
PREMIUM PAYABLE ON REDEMPTION = 20000 SHARES * RS.10 * 20% = 40000/- LIFE OF DEBENTURE IS 5 YEARS THEN AMOUNT TO BE WRITTEN OF EACH YEAR WILL BE := = 40000 / 5 = RS.8000/- PER YEAR |
 |
Rohtash
(CA - Final / CS / B.Com)
(1140 Points)
Replied 22 March 2011
PREMIUM PAYABLE ON REDEMPTION = 20000 SHARES * RS.10 * 20%
= 40000/-
LIFE OF DEBENTURE IS 5 YEARS THEN AMOUNT TO BE WRITTEN OF EACH YEAR WILL BE :=
= 40000 / 5
= RS.8000/- PER YEAR
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