Ans this plz!
Dear student,
The intereston debentures is calculated at a fixed rate on its nominal(face) value payable quarterly, half yearly or yearly as per the terms of issue.
But if the debenture is issued as collateral security then there will be no interest paid by the company.
So here interest payable on 30th September 2018 will be= 7% p.a on 8000 debentures of Rs.100 each for 6 months + 9% p.a on 10000 debentures of Rs.50 each for 6 months
The intereston debentures is calculated at a fixed rate on its nominal(face) value payable quarterly, half yearly or yearly as per the terms of issue.
But if the debenture is issued as collateral security then there will be no interest paid by the company.
So here interest payable on 30th September 2018 will be= 7% p.a on 8000 debentures of Rs.100 each for 6 months + 9% p.a on 10000 debentures of Rs.50 each for 6 months
= 8000×Rs.100×(7/100)×(6/12) + 10000×Rs.50×(9/100)×(6/12)
= Rs.28000 + Rs.22500
= Rs.28000 + Rs.22500
= Rs.50,500
Hence,
On 1st April 2018, Goswami Ltd. issued 8,000, 7% debentures of Rs.100 each at 5% discount 10,000, 9% debenture of Rs.50 each at 5% premium and Rs.5,00,000, 10% debenture as collateral security. Internet payable on 30th September 2018 will be Rs.50,500.
Regards
Hence,
On 1st April 2018, Goswami Ltd. issued 8,000, 7% debentures of Rs.100 each at 5% discount 10,000, 9% debenture of Rs.50 each at 5% premium and Rs.5,00,000, 10% debenture as collateral security. Internet payable on 30th September 2018 will be Rs.50,500.
Regards