A collateral security of 8,000 10% Debentures of Rs.10 each has been issued at a premium of 25% to A in lieu of a loan of Rs. 1,00,000 taken on 1^{\st} January, 2006. At the end of the year, interest was paid on:

Question

Examsnet · Accepted Answer

Correct Answer is :  The amount of loan outstanding

CA CPT Model Test Paper 12 with solutions for online practice