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CA CPT Dec 2016 Question Paper Fundamentals of Accounting for online practice

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Question : 54

Total: 58

P Ltd. Issued 20,000, 12% debentures of Rs.10 each, which are redeemable after 5 years at apremium of 20%.The amount of loss on redemption of debentures to be written off everyyear=?

Rs. 80,000
Rs. 40,000
Rs. 10,000
Rs. 8,000

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