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On 1st April, 2014, Popular Ltd. issued 20,000; 10% Debentures of ₹ 100 each at a discount of 10% redeemable at par. Show the Discount on Issue of Debentures Account if (a) such debentures are redeemable after 4 years, and (b) such debentures are redeemable by equal annual drawings in 4 years, starting from 31st March, 2015. Popular Ltd. follows financial year as its accounting year. |
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Answer» tion:DEBENTURES are redeemable by equal annual DRAWINGS in 4 years, starting from 31st March, 2015. Popular Ltd. follows FINANCIAL year as its ACCOUNTING...by...hifollow me...ok |
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