Question

A company issued 6% bonds with face value of Rs 1000 crores at a discount of...

A company issued 6% bonds with face value of Rs 1000 crores at a discount of 5% in April 2018. The issue cost of the bond amounted to 2% of the face value. If the effective rate of interest was 7% then determine the carrying amount of bond in the balance sheet as on 31.03.2020

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