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Tista Ltd. has issued 14% Debentures of Rs. 10,00,000 on April 01, 2014 and the company pays interest half-yearly on June 30, and December 31, every year. On March 31, 2016, the amount shown as “interest accrued but not due” in the Balance Sheet will be:
- a)Rs. 35,000 shown along with Debentures.
- b)Rs. 70,000 under current liabilities.
- c)Rs. 1,40,000 shown along with Debentures.
- d)Rs. 10,000 under current liabilities.
Correct answer is option 'A'. Can you explain this answer?
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Tista Ltd. has issued 14% Debentures of Rs. 10,00,000 on April 01, 201...
Calculation of Interest Accrued but not due
Total value of 14% Debentures issued = Rs. 10,00,000
Interest rate = 14%
Interest payable half-yearly on June 30 and December 31
Time period from April 01, 2014 to March 31, 2016 = 2 years
Total number of interest payments = 4 (2 payments per year)
Interest payable per half-yearly payment = (14/2)% of Rs. 10,00,000 = Rs. 70,000
Total interest payable for 4 half-yearly payments = 4 x Rs. 70,000 = Rs. 2,80,000
Interest paid till March 31, 2016 = 2 x Rs. 70,000 = Rs. 1,40,000
Interest accrued but not due till March 31, 2016 = Rs. 2,80,000 - Rs. 1,40,000 = Rs. 1,40,000
Answer: Rs. 1,40,000 shown along with Debentures.
Total value of 14% Debentures issued = Rs. 10,00,000
Interest rate = 14%
Interest payable half-yearly on June 30 and December 31
Time period from April 01, 2014 to March 31, 2016 = 2 years
Total number of interest payments = 4 (2 payments per year)
Interest payable per half-yearly payment = (14/2)% of Rs. 10,00,000 = Rs. 70,000
Total interest payable for 4 half-yearly payments = 4 x Rs. 70,000 = Rs. 2,80,000
Interest paid till March 31, 2016 = 2 x Rs. 70,000 = Rs. 1,40,000
Interest accrued but not due till March 31, 2016 = Rs. 2,80,000 - Rs. 1,40,000 = Rs. 1,40,000
Answer: Rs. 1,40,000 shown along with Debentures.
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Community Answer
Tista Ltd. has issued 14% Debentures of Rs. 10,00,000 on April 01, 201...
Full year interest =10,00,000×14/100=1,40,000
company pay half yearly interest mean 30June-70000 31Dec-70000
on 31st Mar.2016 Interest for 3 months(31Dec-31Mar) 140000×3/12=35000
And these amount due on 30 june
company pay half yearly interest mean 30June-70000 31Dec-70000
on 31st Mar.2016 Interest for 3 months(31Dec-31Mar) 140000×3/12=35000
And these amount due on 30 june
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Tista Ltd. has issued 14% Debentures of Rs. 10,00,000 on April 01, 2014 and the company pays interest half-yearly on June 30, and December 31, every year. On March 31, 2016, the amount shown as “interest accrued but not due” in the Balance Sheet will be:a)Rs. 35,000 shown along with Debentures.b)Rs. 70,000 under current liabilities.c)Rs. 1,40,000 shown along with Debentures.d)Rs. 10,000 under current liabilities.Correct answer is option 'A'. Can you explain this answer?
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Tista Ltd. has issued 14% Debentures of Rs. 10,00,000 on April 01, 2014 and the company pays interest half-yearly on June 30, and December 31, every year. On March 31, 2016, the amount shown as “interest accrued but not due” in the Balance Sheet will be:a)Rs. 35,000 shown along with Debentures.b)Rs. 70,000 under current liabilities.c)Rs. 1,40,000 shown along with Debentures.d)Rs. 10,000 under current liabilities.Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Tista Ltd. has issued 14% Debentures of Rs. 10,00,000 on April 01, 2014 and the company pays interest half-yearly on June 30, and December 31, every year. On March 31, 2016, the amount shown as “interest accrued but not due” in the Balance Sheet will be:a)Rs. 35,000 shown along with Debentures.b)Rs. 70,000 under current liabilities.c)Rs. 1,40,000 shown along with Debentures.d)Rs. 10,000 under current liabilities.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Tista Ltd. has issued 14% Debentures of Rs. 10,00,000 on April 01, 2014 and the company pays interest half-yearly on June 30, and December 31, every year. On March 31, 2016, the amount shown as “interest accrued but not due” in the Balance Sheet will be:a)Rs. 35,000 shown along with Debentures.b)Rs. 70,000 under current liabilities.c)Rs. 1,40,000 shown along with Debentures.d)Rs. 10,000 under current liabilities.Correct answer is option 'A'. Can you explain this answer?.
Tista Ltd. has issued 14% Debentures of Rs. 10,00,000 on April 01, 2014 and the company pays interest half-yearly on June 30, and December 31, every year. On March 31, 2016, the amount shown as “interest accrued but not due” in the Balance Sheet will be:a)Rs. 35,000 shown along with Debentures.b)Rs. 70,000 under current liabilities.c)Rs. 1,40,000 shown along with Debentures.d)Rs. 10,000 under current liabilities.Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Tista Ltd. has issued 14% Debentures of Rs. 10,00,000 on April 01, 2014 and the company pays interest half-yearly on June 30, and December 31, every year. On March 31, 2016, the amount shown as “interest accrued but not due” in the Balance Sheet will be:a)Rs. 35,000 shown along with Debentures.b)Rs. 70,000 under current liabilities.c)Rs. 1,40,000 shown along with Debentures.d)Rs. 10,000 under current liabilities.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Tista Ltd. has issued 14% Debentures of Rs. 10,00,000 on April 01, 2014 and the company pays interest half-yearly on June 30, and December 31, every year. On March 31, 2016, the amount shown as “interest accrued but not due” in the Balance Sheet will be:a)Rs. 35,000 shown along with Debentures.b)Rs. 70,000 under current liabilities.c)Rs. 1,40,000 shown along with Debentures.d)Rs. 10,000 under current liabilities.Correct answer is option 'A'. Can you explain this answer?.
Solutions for Tista Ltd. has issued 14% Debentures of Rs. 10,00,000 on April 01, 2014 and the company pays interest half-yearly on June 30, and December 31, every year. On March 31, 2016, the amount shown as “interest accrued but not due” in the Balance Sheet will be:a)Rs. 35,000 shown along with Debentures.b)Rs. 70,000 under current liabilities.c)Rs. 1,40,000 shown along with Debentures.d)Rs. 10,000 under current liabilities.Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
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Tista Ltd. has issued 14% Debentures of Rs. 10,00,000 on April 01, 2014 and the company pays interest half-yearly on June 30, and December 31, every year. On March 31, 2016, the amount shown as “interest accrued but not due” in the Balance Sheet will be:a)Rs. 35,000 shown along with Debentures.b)Rs. 70,000 under current liabilities.c)Rs. 1,40,000 shown along with Debentures.d)Rs. 10,000 under current liabilities.Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Tista Ltd. has issued 14% Debentures of Rs. 10,00,000 on April 01, 2014 and the company pays interest half-yearly on June 30, and December 31, every year. On March 31, 2016, the amount shown as “interest accrued but not due” in the Balance Sheet will be:a)Rs. 35,000 shown along with Debentures.b)Rs. 70,000 under current liabilities.c)Rs. 1,40,000 shown along with Debentures.d)Rs. 10,000 under current liabilities.Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Tista Ltd. has issued 14% Debentures of Rs. 10,00,000 on April 01, 2014 and the company pays interest half-yearly on June 30, and December 31, every year. On March 31, 2016, the amount shown as “interest accrued but not due” in the Balance Sheet will be:a)Rs. 35,000 shown along with Debentures.b)Rs. 70,000 under current liabilities.c)Rs. 1,40,000 shown along with Debentures.d)Rs. 10,000 under current liabilities.Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Tista Ltd. has issued 14% Debentures of Rs. 10,00,000 on April 01, 2014 and the company pays interest half-yearly on June 30, and December 31, every year. On March 31, 2016, the amount shown as “interest accrued but not due” in the Balance Sheet will be:a)Rs. 35,000 shown along with Debentures.b)Rs. 70,000 under current liabilities.c)Rs. 1,40,000 shown along with Debentures.d)Rs. 10,000 under current liabilities.Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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