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On 1 June 2022 Relebogile Limited issued 12000 15% debentures of R150 ead Time left 0:53:28 The debentures are repayable at nominal value on or
On 1 June 2022 Relebogile Limited issued 12000 15% debentures of R150 ead Time left 0:53:28 The debentures are repayable at nominal value on or before 31 May 2026 and interest is payable annually on 31 May of every year. A mortgage on land and buildings serve as security for the debentures. Relebogile Ltd amortises the premium on debentures over the term of the debenture issue according to the straight-line method. Relebogile Limited's year-end is 31 December. Question 30 Which one of the following alternatives represents the correct amount to be recognised as premium/discount in the financial statements of Relebogile Ltd for the year ended 31 December 2022? A. R300000 Discount B. R300000 Premium C. R270 000 Premium D. R270000 Discount
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