false

Anas · 14 May 2024

B) 400

Anas · 14 May 2024

First, let's calculate the total amount paid to redeem the debentures: Total amount paid = Number of debentures redeemed × Issue price per debenture Total amount paid = ₹100 × ₹96 = ₹9,600 Now, let's calculate the gain or loss: Gain/Loss = Total amount paid - Face value of debentures redeemed Gain/Loss = ₹9,600 - ₹100 = -₹400Since the result is negative, it indicates a loss. Therefore, the loss on the cancellation of debentures is ₹400