CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon


Question

ABC Ltd. issued 3,000, 14% Debentures of Rs 100 each at a discount of 5% on January 1, 2012. The debentures are redeemable at par in three equal instalments at the end of the third, fourth and fifth year. What is the value of debentures redeemable at the end of fifth year?



A

None of these

loader
B

3000

loader
C

2000

loader
D

1000

loader

Solution

The correct option is D

1000


Value of debentures redeemable at the end of fifth year = 3,00,000/3 = Rs 1,00,000


Accountancy

Suggest Corrections
thumbs-up
 
0


similar_icon
Similar questions
View More


similar_icon
People also searched for
View More



footer-image