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    A company issued 30,000, 9% Debenture of ₹100 each at 5% premium. These debentures are to be redeemed at 15% premium at the end of 4 years. Existing B
    Question

    A company issued 30,000, 9% Debenture of ₹100 each at 5% premium. These debentures are to be redeemed at 15% premium at the end of 4 years. Existing Balance in Securities Premium before Issue of Debentures was ₹80,000. Identify the amount to be debited to Statement of Profit and Loss for writing off Loss on issue of Debentures.

    A.

    ₹4,50,000

    B.

    ₹2,20,000

    C.

    ₹2,25,000

    D.

    ₹3,70,000

    Correct option is B

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