Debenture Application & Allotment A/c Dr. 95,000 Loss on Issue of Debentures A/c Dr. 10,000 To 9% Debenture A/c 1,00,000 To Premium on Redemption of…
CUET UG 2025 — Accountancy Company Accounts
Debenture Application & Allotment A/c Dr. 95,000
Loss on Issue of Debentures A/c Dr. 10,000
To 9% Debenture A/c 1,00,000
To Premium on Redemption of Debentures A/c 5,000
On the basis of the above entry, determine the rate of discount at which Rs. 1,00,000, 9% debentures of Rs. 100 each were issued if they were to be redeemed at a premium of 5%.
Held on 15 May 2025 · Verified 13 Jul 2026.
Options
- A
5%
- B
10%
- C
15%
- D
20%
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