alleryStart learning →Rs 1,00,000 12% debentures, interest due 31 Dec, bought 1 Nov at Rs 1,02,000 cum-interest. Cost?
ARs 98,000
BRs 92,000
CRs 1,02,000
DRs 1,00,000
Answer & Solution
Correct answer: B. Rs 92,000
Ten months of interest, 10,000, had accrued before purchase and is deducted from the price, leaving a cost of 92,000.
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