Please solve this question for me iam preparing for a competitive exam

1196 views
User Avatar

ARTICLED ASSISTANT
24 Points Posted on 13 February 2016

1. Consider the following– The investment portfolio of a business as on 31-12-2012 stood as follows– (1) 8% Debentures of X Co. Ltd. (Rs. 6,000). Interest payable on 31st March and 30th September. (2) 7% Debentures of Y Co. Ltd. (Rs. 4,000). Interest payable on 30th June and 31st December. (3) 10% Debentures of Z Co. Ltd. (Rs. 9,000). Interest payable on 1st June and 1st December. Amount of interest accrued on the closing date will be– (A) Rs. 335 (B) Rs. 1,025 (C) Rs. 195 (D) Rs. 830

please reply ASAP

0 Reply Share Follow Topic
On 13 February 2016 at 10:01 Report
Replies (8)
User Avatar

trainee
43 Points Posted on 13 February 2016
If closing date is 31st Dec then it's C 195
Reply
On 13 February 2016 at 14:19
User Avatar

Management Accountant
20164 Points Posted on 13 February 2016

It would be Option A - Rs. 335

 

1. 6000*8%*3/12 = 120

2. 4000*7%*6/12 = 140

3. 9000*10%*1/12 = 75

1+2+3= 120+140+75 = 335

Reply
On 13 February 2016 at 14:39
User Avatar

trainee
43 Points Posted on 13 February 2016
Debentures of y Co Ltd should not be taken for calculating accrued interest as the closing date is 31st Dec which is the payable date in 2nd debentures
Reply
On 13 February 2016 at 19:26
User Avatar

GM-ACCOUNTS
142 Points Posted on 13 February 2016

Assuming the financial year opted by the company   is from jan 12 to Dec12, interest accrual takes place only for debenture 1 and 3. Hence the answer is 195

 

 

Reply
On 13 February 2016 at 20:52
User Avatar

CA Final Nov-14
71 Points Posted on 13 February 2016
Debenture 1 and 3 will be taken and and would be C 195
Reply
On 13 February 2016 at 23:12
User Avatar

Management Accountant
20164 Points Posted on 14 February 2016
Yes, the interest payable for Y ltd falls on 31st December and hence no interest stands accrued. Thus, as mentioned by learned members the solution is Option C - Rs. 195.
Reply
On 14 February 2016 at 02:10
User Avatar

Job
65 Points Posted on 14 February 2016
Answer is rs. 195
Reply
On 14 February 2016 at 09:07
User Avatar

Navsari
22 Points Posted on 14 February 2016
195 is correct answer
Reply
On 14 February 2016 at 18:53

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Practical queries on buy back of shares
  2. Any faculty recommendations for latest batch recor
  3. FAI & FAST-DS 2026 query
  4. Is GST registration mandatory in this case
  5. Buying a residential flat in Goa: should my wife b
  6. Income tax filling
  7. Applicability of RCM in the case of import of serv
  8. Confusion in gst registration for service category
  9. Itc claimed from return defaulters
  10. Gst input credit

More recent discussions | Post

Related Topics :

Loading

Latest Job Openings

View all
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details