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Accountancy · 2023 · 1 mark
CBSE 2023 · Region 2 · Set 1 · Q11
Elite Ltd. issued $\displaystyle 20,000$, $\displaystyle 9$% Debentures of ₹ $\displaystyle 100$ each at a discount of $\displaystyle 10$%, redeemable at a premium. On issue of these debentures, 'Loss on issue of debentures account' was debited with ₹ $\displaystyle 4,00$,000. The premium on redemption of debentures is :
Official answer
From CBSE’s own marking scheme for this paper.
(B)
₹ $\displaystyle 2,00,000$
Marking-scheme solution
(b)
₹$\displaystyle 2,00,000$
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CBSE Class 12 Accountancy past-paper question from the 2023board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.