Value of 12% government securities as at 31 March 2021 was Rs. 85,000 which were purchased at that date at par. Additional 12% securities worth Rs. 50,000 were purchased on 31 March, 2022. Total interest debited to receipts and payments A/c during the year on the above securities is Rs. 9,000 calculate Accrued interest on 31 March, 2022.

Question

Option 1: Rs. 1,200

Option 2: Rs. 10,200

Option 3: Rs. 11,400

Option 4: Rs. 7,200

AfterBoards · Accepted Answer

The answer is 'Rs. 1,200'. View full solution:

CUET Accountancy 2022 23 Aug Shift 2 PYQs

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