Win Ltd. issued 20,000, 8% debentures of Rs.10 each at par, which are redeemable after 5 years at a premium of 20%. The amount of loss on redemption of debentures to be written off every year will be
Tehsinkhan Pathan
(CA CMA DISA(ICAI) B.COM)
(3956 Points)
Replied 19 February 2011
PREMIUM PAYABLE ON REDEMPTION = 20000 SHARES * RS.10 * 20%
= 40000/-
LIFE OF DEBENTURE IS 5 YEARS THEN AMOUNT TO BE WRITTEN OF EACH YEAR WILL BE :=
= 40000 / 5
= RS.8000/- PER YEAR
Mahesh
(Student)
(386 Points)
Replied 20 February 2011
| Originally posted by : Tehsinkhan pathan | ||
 |
PREMIUM PAYABLE ON REDEMPTION = 20000 SHARES * RS.10 * 20% = 40000/- LIFE OF DEBENTURE IS 5 YEARS THEN AMOUNT TO BE WRITTEN OF EACH YEAR WILL BE := = 40000 / 5 = RS.8000/- PER YEAR |
 |
Rohtash
(CA - Final / CS / B.Com)
(1140 Points)
Replied 22 March 2011
PREMIUM PAYABLE ON REDEMPTION = 20000 SHARES * RS.10 * 20%
= 40000/-
LIFE OF DEBENTURE IS 5 YEARS THEN AMOUNT TO BE WRITTEN OF EACH YEAR WILL BE :=
= 40000 / 5
= RS.8000/- PER YEAR
CAclubindia
