The following journal entry appears in the books of X Co. Ltd.
\[\text{Bank A/c Dr. 4,75,000} \\ \text{Loss on Issue of Debentures A/c Dr. 75,000} \\ \text{To 12\% Debentures A/c 5,00,000} \\ \text{To Premium on Redemption of Debenture A/c 50,000} \]
In this case, the debentures have been issued at a discount of 5%. What is the rate of premium on redemption of debentures?
Match List – I with List – II:
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Match List I with List II:
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Match List-I with List-II
| List-I (Agricultural Land use Category) | List-II (Characteristics) |
|---|---|
| (A) Culturable Waste Land | (II) Land which has been left uncultivated for more than five years. |
| (B) Current Fallow | (I) Land which has been left uncultivated for one or less than one agricultural year. |
| (C) Fallow other than Current Fallow | (IV) Land which has been left uncultivated for more than one year but less than five years. |
| (D) Net Sown Area | (III) Physical extent of land on which crops are sown and harvested. |
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