From the following information- prepare Note to Accounts on Finance Costs- Interest paid to Bank - 75-000 - Interest on Debentures 558-000 - Loss on issue of Debentures written off - 27-500 - and Commitment Charges - 15-000 -

NOTES TO ACCOUNTS Note No. Particulars Amount (Rs) nbsp; Finance Costs nbsp; nbsp; ...

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Standard XII

Economics

Fiscal Deficit

From the foll...

Question

From the following information, prepare Note to Accounts on Finance Costs: Interest paid to Bank ₹ 75,000; Interest on Debentures ₹ 58,000; Loss on issue of Debentures written off ₹ 27,500; and Commitment Charges ₹ 15,000.

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Solution

NOTES TO ACCOUNTS

Note No.

Particulars

Amount

(Rs)

Finance Costs

Interest paid to bank

75,000

Interest on Debentures 58,000

Loss on Issue of Debentures written off 27,500

Commitment charges

15,000
1,75,500

1,75,500

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Similar questions

Q. Out of the Following, identify the items that are shown in the Note to Accounts on Finance Costs:
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(ii) Interest paid on Term Loan to Bank;
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(iv) Loss on Issue of Debentures Written off; and
(v) Bank Charges.

From the following information of X Ltd. for the year ended 31st March, 2015 prepare Notes to Accounts on Finance Costs:

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Note No.	Particulars		Amount (Rs)
	Finance Costs
	Interest paid to bank	75,000
	Interest on Debentures	58,000
	Loss on Issue of Debentures written off	27,500
	Commitment charges	15,000	1,75,500

			1,75,500

NOTES TO ACCOUNTS Note No. Particulars Amount (Rs) Finance Costs Interest paid to bank 75,000 Interest on Debentures 58,000 Loss on Issue of Debentures written off 27,500 Commitment charges 15,000 1,75,500 1,75,500

NOTES TO ACCOUNTS

Note No.

Particulars

Amount

(Rs)

Finance Costs

Interest paid to bank

75,000

Interest on Debentures 58,000

Loss on Issue of Debentures written off 27,500

Commitment charges

15,000
1,75,500

1,75,500