Q2541
A Company purchased 8% bonds at a cost of Rs. 12,00,000 (face value Rs. 10,00,000) on 1st January 2003. Half yearly interest is payable on this investment on 30th June and 31st December each year. The company closes its accounts on 31st March 2003. The amount of accured interest shown in profit and loss account for the year ended is:
A.
Rs. 40,000
B.
Rs. 60,000
C.
Rs. 20,000
AnswerD.
Rs. 80,000
Answer: Option C
Solution
Answer: Option C
No explanation is given for this question Let's Discuss on Board