Discount on Issue of Debentures = Face Value x Discount Rate
= 12,00,000 x 10% = 1,20,000.
This full amount is transferred to the Discount on Issue of Debentures A/c when the entire sum is received in one instalment.
While issuing 10% debenture of Rs. 12,00,000 at 10% discount. What amount should be transferred to "Discount on issue of debenture A/c" if all amount…
CUET UG 2023 — Accountancy Company Accounts
2023mcqeasy
While issuing 10% debenture of Rs. 12,00,000 at 10% discount. What amount should be transferred to "Discount on issue of debenture A/c" if all amount is received in one instalment ?
Official previous-year question
Held on 28 May 2023 · Verified 13 Jul 2026.
Options
- A
Rs. 10,000
- B
Rs. 12,000
- C
Rs. 1,20,000
- D
Rs. 1,00,000
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