[ISC] Q. 42 solution of Issue of Debentures TS Grewal Class 12 (2022-23)

Solution of Question number 42 of the Issue of Debentures Chapter of TS Grewal Book ISC Board 2022-23 session?

A company issued 15,000, 10% Debentures of ₹ 100 each on 1st April, 2018 at a discount of 6% redeemable at par by drawing method as follows:

Calculate the amount of discount which should be transferred to the Statement of Profit & Loss.

Solution:-