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Ram limited has isuued 15% debentures of Rs.20,00,000 at a discount of 10% on April 1, 2012. The company pays interest half-yearly on June 30 and Dec 31 every year. On March 31, 2013 the amount shown as interest accrued but not yet due in the Balance Sheet will be:
  • a)
    Rs. 2,25,000
  • b)
    Rs. 1,00,000
  • c)
    Rs.75,000
  • d)
    Rs. 3,00,000
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Ram limited has isuued 15% debentures of Rs.20,00,000 at a discount of...
Calculation of Interest Accrued but not yet due:
Interest on debentures = 15% of Rs. 20,00,000 = Rs. 3,00,000 per annum

Interest for the year:
Interest for the year 2012-2013 = Rs. 3,00,000 x 10/12 = Rs. 2,50,000

Interest accrued but not yet due:
Interest for 3 months (Jan, Feb, Mar 2013) = Rs. 3,00,000 x 3/12 = Rs. 75,000
Therefore, the amount shown as interest accrued but not yet due in the Balance Sheet on March 31, 2013, will be Rs. 75,000.
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Ram limited has isuued 15% debentures of Rs.20,00,000 at a discount of...
C
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Ram limited has isuued 15% debentures of Rs.20,00,000 at a discount of 10% on April 1, 2012. The company pays interest half-yearly on June 30 and Dec 31 every year. On March 31, 2013 the amount shown as interest accrued but not yet due in the Balance Sheet will be:a)Rs. 2,25,000b)Rs. 1,00,000c)Rs.75,000d)Rs. 3,00,000Correct answer is option 'C'. Can you explain this answer?
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Ram limited has isuued 15% debentures of Rs.20,00,000 at a discount of 10% on April 1, 2012. The company pays interest half-yearly on June 30 and Dec 31 every year. On March 31, 2013 the amount shown as interest accrued but not yet due in the Balance Sheet will be:a)Rs. 2,25,000b)Rs. 1,00,000c)Rs.75,000d)Rs. 3,00,000Correct answer is option 'C'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Ram limited has isuued 15% debentures of Rs.20,00,000 at a discount of 10% on April 1, 2012. The company pays interest half-yearly on June 30 and Dec 31 every year. On March 31, 2013 the amount shown as interest accrued but not yet due in the Balance Sheet will be:a)Rs. 2,25,000b)Rs. 1,00,000c)Rs.75,000d)Rs. 3,00,000Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ram limited has isuued 15% debentures of Rs.20,00,000 at a discount of 10% on April 1, 2012. The company pays interest half-yearly on June 30 and Dec 31 every year. On March 31, 2013 the amount shown as interest accrued but not yet due in the Balance Sheet will be:a)Rs. 2,25,000b)Rs. 1,00,000c)Rs.75,000d)Rs. 3,00,000Correct answer is option 'C'. Can you explain this answer?.
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