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William Pens Ltd. Issued 10,000, 7% Debentures of Rs 100 each at a discount of Rs 4. It has a balance in Securities Premium Reserve of Rs 25,000. it will wirte off Discount on Issue of Debentures

Answer» <html><body><p>Rs 40,000 from Securities <a href="https://interviewquestions.tuteehub.com/tag/premium-2555" style="font-weight:bold;" target="_blank" title="Click to know more about PREMIUM">PREMIUM</a> <a href="https://interviewquestions.tuteehub.com/tag/reserve-1186088" style="font-weight:bold;" target="_blank" title="Click to know more about RESERVE">RESERVE</a><br/>Rs 40,000 from <a href="https://interviewquestions.tuteehub.com/tag/statement-16478" style="font-weight:bold;" target="_blank" title="Click to know more about STATEMENT">STATEMENT</a> of <a href="https://interviewquestions.tuteehub.com/tag/profit-1168589" style="font-weight:bold;" target="_blank" title="Click to know more about PROFIT">PROFIT</a> and Loss<br/>Rs 25,000 from Securities Premium Reserve and Rs 15,000 from Statement of Profit and Loss (Finance Cost) <br/>Rs 15,000 from Securities Premium Reserve and Rs 25,000 from Statement of Profit and Loss (Finance Cost)</p>Answer :<a href="https://interviewquestions.tuteehub.com/tag/c-7168" style="font-weight:bold;" target="_blank" title="Click to know more about C">C</a></body></html>


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