Paratigm Ltd. issued 40,000, 11% debentures of \(₹100\) each at a discount of 5%, redeemable at a premium. On issue of these debentures ‘Loss on Issue of Debentures Account’ was debited with \(₹4,00,000\). The amount of premium on redemption of debentures was :
Show Hint
- \(₹4,00,000\)
- \(₹2,00,000\)
- \(₹4,40,000\)
- \(₹20,000\)
The Correct Option is B
Solution and Explanation
Loss = \(₹4,00,000\) → Premium = \(₹2,00,000\).
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