Ltd. has outstanding 10% debentures of Rs. 3, 00, 000 on 1st January 2005. The company pays interest on 30th June and 31st December. It purchases debentures of Rs. 40, 000 for redemption on 31st March 2005 at Rs. 102 cum-interest. It further purchases debenture of Rs. 60, 000 for cancellation on 31st August, at Rs. 96 ex-interest. You are required to pass the necessary journal entries in the books of X Ltd. for 20

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Q: . At December 31, Black should record interest revenue of

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A:

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