Total Loss on Issue = Discount on Issue + Premium on Redemption = (50,000 times 10) + (50,000 times 25) = 5,00,000 + 12,50,000 = 17,50,000.
Securities Premium Reserve available = 30,00,000 times 20 percent = 6,00,000.
Amount debited to Statement of P&L = 17,50,000 - 6,00,000 = 11,50,000.
How much amount is to be debited in statement of profit and Loss to write off loss on Issue of Debentures ?
CUET UG 2023 — Accountancy Company Accounts
2023mcqhard
How much amount is to be debited in statement of profit and Loss to write off loss on Issue of Debentures ?
Official previous-year question
Held on 11 Jun 2023 · Verified 13 Jul 2026.
Options
- A
Rs. 12,50,000
- B
Rs. 17,50,000
- C
Rs. 5,00,000
- D
Rs. 11,50,000
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