CA CPT Model Test Paper 5 with solutions for online practice

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Question : 56 of 200

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Which of the following is true with regard to 10% Debentures issued at a discount of 20%?

The carrying amount of debentures gets reduced each year at a rate of 20%.
Issue price and the carrying amount of debentures are equal.
At the time of redemption, the debenture holder will be paid the issue price.
The face value and the carrying amount of debentures are equal

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