Question

Savage Ltd. Purchased for cancellation its own $12,00,000$ , $9\%$ debentures of $₹ 100$ each at $₹ 85$ each. The profit on cancellation of own debentures will be:

• A. $₹ 1,80,00,000$
• B. $₹ 18,00,000$
• C. $₹ 1,08,00,000$
• D. $₹ 10,80,000$

Answer 1

Answer: (A)

$₹ 1,80,00,000$

Answer 2

The correct option is (A) :$₹ 1,80,00,000$