William Pens Ltd. Issued 10,000, 7% Debentures of Rs 100 each at a discount of Rs 4. It has a balance in Securities Premium Reserve of Rs 25,000. it will wirte off Discount on Issue of DebenturesA. Rs 40,000 from Securities Premium ReserveB. Rs 40,000 from Statement of Profit and LossC. Rs 25,000 from Securities Premium Reserve and Rs 15,000 from Statement of Profit and Loss (Finance Cost)D. Rs 15,000 from Securities Premium Reserve and Rs 25,000 from Statement of Profit and Loss (Finance Cost)

William Pens Ltd. Issued 10,000, 7% Debentures of Rs 100 each at a dis

1.	William Pens Ltd. Issued 10,000, 7% Debentures of Rs 100 each at a discount of Rs 4. It has a balance in Securities Premium Reserve of Rs 25,000. it will wirte off Discount on Issue of DebenturesA. Rs 40,000 from Securities Premium ReserveB. Rs 40,000 from Statement of Profit and LossC. Rs 25,000 from Securities Premium Reserve and Rs 15,000 from Statement of Profit and Loss (Finance Cost)D. Rs 15,000 from Securities Premium Reserve and Rs 25,000 from Statement of Profit and Loss (Finance Cost)
Answer» Correct Answer - C