2 Discount Calculation questions from CUET Accountancy 2025 13 May Shift 2 with detailed answers and explanations. Free previous year questions and MCQs.
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Discount Calculation — CUET Accountancy 2025 13 May Shift 2(1–2 of 2)
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Q1easymcqAccountancyCUET Accountancy 2025 13 May Shift 22026
The following journal entry appears in the books of X Co. Ltd.: Bank A/cLoss on issue of debenture A/cTo 12% Debentures A/cTo Premium on Redemption of Debenture A/cDr.Dr.4,75,00075,0005,00,00050,000 Based on this entry, the debentures have been issued at a discount rate of:
Q2easymcqAccountancyCUET Accountancy 2025 13 May Shift 22026
ABC Ltd. issued 3,000, 14% Debentures of Rs. 100 each at a discount of 5% on April 1, 2023. What is the total discount amount on the issue of these debentures?