1 Discount Rate questions from CUET Accountancy 2025 15 May Shift 1 with detailed answers and explanations. Free previous year questions and MCQs.
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Discount Rate — CUET Accountancy 2025 15 May Shift 1(1–1 of 1)
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Q1mediummcqCUET AccountancyCUET Accountancy 2025 15 May Shift 12026
Debenture Application & Allotment A/c Dr. 95,000Loss on Issue of Debentures A/c Dr. 10,000To 9% Debenture A/c 1,00,000To Premium on Redemption of Debentures A/c 5,000On the basis of the above entry, determine the rate of discount at which Rs. 1,00,000, 9% debentures of Rs. 100 each were issued if they were to be redeemed at a premium of 5%.