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Globe Ltd. Issues 20,000, 9 % debenture...

Globe Ltd. Issues 20,000, 9 % debentures of . Rs 100 each at a discount of 5 % redeemable at the end of 5 years at a premium of 6 % . For what amount 'Loss on Issue of Debentures Account ' will br debited ?

A

`.Rs 1,00,000`

B

` .Rs 1,20, 000`

C

`. Rs 2,80,000`

D

` Rs. 20,000`

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The correct Answer is:
D
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DK GOEL-ISSUE OF DEBENTURES-MULTIPLE CHOICE QUESTIONS
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  4. On issue of debentures as a collateral security, which account is cre...

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  5. Debentures issued as collateral security will be debited to :

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  7. Interest on debentures issued as a collateral security is paid on :

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  8. Loss on Issue of Debentures is written off :

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  9. When debentures are to be redeemed at premium an extra entry has to be...

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  10. Premium on Redemption of Debentures Account is :

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  15. If Vendors are issued debentures of .Rs 4,40,000 in consideration of a...

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  16. A Ltd. Issued 1,000, 10% debentures of .Rs 100 each at a premium of 5...

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