On 1st April, 2017, Y Ltd. purchased 1,000, 12% debentures of 100 each @ 98

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On 1st April, 2017, Y Ltd. purchased 1,000, 12% debentures of ₹ 100 each @ ₹ 98 (ex-interest). Interest is payable half-yearly on 30th June and 31st December. The date of closing the books of accounts is 31st December every year. The amount to be debited to Debenture Redemption Account is
A. ₹ 98,000
B. ₹ 1,00,000
C. ₹ 95,000
D. None of the above

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Muhammad Salman Alvi

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