Question
Accountancy Question on Debentures
Calculate the amount of yearly interest payable on 9% debentures (10,000 debentures of ₹100) issued as collateral security.
A
No Interest payable
B
₹90,000
C
₹9000
D
₹99000
Answer
No Interest payable
Explanation
Solution
The correct option is (A): No Interest payable