Plzz solve the query..related to debenture..

Urvashi Saini (Difference between Peak Performers & everyone else is what "everyone else" thinks)   (1494 Points)

01 December 2015  

Q. On may01,2003 , Y ltd issued 7%,40,000 convertible debentures of Rs 100 each at a premium of 20% . Interest is payable on Sep 30 and march 31, every yeAR. aSSUMING THAT INTEREST RUNS FROM THE DATE OF ISSUE, THE AMOUNT OF INTEREST EXPENDITURE to profit and loss a/c for the year ended March 31,2004 will be:

Q P.ltd issued 10,000, 12% debenture of Rs 100 each at a premium of 10% , which are reedemable after 10 years at a premium of 20%. The amount of loss on redemption of debenture to be written off every year will be :

(pls providde solution)

Thank you :)