Full-year interest due on opening investment = 12 percent of 85,000 = Rs. 10,200. Additional securities bought on last day earn nothing this year. Interest received in cash = 9,000. Accrued interest = 10,200 minus 9,000 = Rs. 1,200.
Note: Topic relates to NPO; placed under Financial Statements/Nature-Structure as closest fit.
Value of 12% government securities as at 31 March 2021 was Rs. 85,000 which were purchased at that date at par. Additional 12% securities worth Rs.…
CUET UG 2022 — Accountancy Financial Statements
2022mcqhard
Value of 12% government securities as at 31 March 2021 was Rs. 85,000 which were purchased at that date at par. Additional 12% securities worth Rs. 50,000 were purchased on 31 March, 2022. Total interest debited to receipts and payments A/c during the year on the above securities is Rs. 9,000 calculate Accrued interest on 31 March, 2022.
Official previous-year question
Held on 23 Aug 2022 · Verified 13 Jul 2026.
Options
- A
Rs. 1,200
- B
Rs. 10,200
- C
Rs. 11,400
- D
Rs. 7,200
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