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Answer to this is question no.27 - CA CPT PDF Download

On May 01, 2009, Y Ltd. issued 7% 40,000 convertible debentures of Rs.100 each at a premium of 20%. Interest is payable on September 30 and March 31, every year.Assuming that the interest runs from the date of issue, the amount of interest expenditure debited to Profit and Loss Account for the year ended March 31, 2010 will be
  • a)
    Rs. 2,80,000
  • b)
    Rs. 2,33,333
  • c)
    Rs. 3,36,000
  • d)
    Rs.2,56,667
Correct answer is option 'D'. Can you explain this answer?

Ref: https://edurev.in/question/491867/On-May-01-2009-Y-Ltd-issued-7-40-000-convertible-debentures-of-Rs-100-each-at-a-premium-of-20-

Answer to this is question no.27 - CA CPTAnswer to this is question no.27 - CA CPT

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FAQs on Answer to this is question no.27 - CA CPT

1. What is CA CPT and how can I apply for the exam?
Ans. CA CPT stands for Chartered Accountancy Common Proficiency Test. It is an entry-level examination conducted by the Institute of Chartered Accountants of India (ICAI) for aspiring chartered accountants. To apply for the CA CPT exam, you need to register with ICAI and submit the application form online with the required documents and fees.
2. What are the eligibility criteria for CA CPT?
Ans. The eligibility criteria for CA CPT are as follows: - A candidate must have completed their 10+2 education from a recognized board or institution. - There is no minimum percentage requirement for appearing in the exam. - There is no age limit for appearing in the exam.
3. What are the exam subjects and their weightage in CA CPT?
Ans. CA CPT exam consists of four subjects with the following weightage: - Fundamentals of Accounting: 60 marks - Mercantile Laws: 40 marks - General Economics: 50 marks - Quantitative Aptitude: 50 marks
4. How can I prepare for CA CPT effectively?
Ans. To prepare effectively for CA CPT, you can follow these tips: - Understand the exam pattern and syllabus thoroughly. - Create a study schedule and stick to it. - Practice solving previous years' question papers and mock tests. - Refer to recommended study materials and textbooks. - Seek guidance from experienced professionals or join a coaching institute.
5. What is the passing criteria for CA CPT?
Ans. To pass the CA CPT exam, a candidate must secure a minimum of 30% marks in each subject and an aggregate of 50% marks in all subjects combined. However, if a candidate scores 60% or above marks in any subject, they are exempted from appearing in the exam again for that subject.
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