Excel Ltd. issued 4,000 10% debentures of Rs.100 each at a discount of 6%. The whole of
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Excel Ltd. issued 4,000 10% debentures of Rs.100 each at a discount of 6%. The whole of the issue was underwritten by M/s Mani & Co. for maximum commission permitted by law. The public applied for 3,200 debentures. Determine the Net Liability.
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To determine the net liability of Excel Ltd after issuing 4000 10 debentures at a discount of 6 we n...View the full answer
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