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I'am accountant working in a trading concern. I wish to
become an accountant in a manufacturing/construction
company.are there any books available in the market from
which I can get an Idea as to how accounts are prepared and
maintained for a manufacturing/construction company.
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A company issues new debentures of Rs.2 million, at par; the net proceeds being Rs.1.8 million. It has a 13.5 per cent rate of interest and 7 years maturity. The company’s tax rate is 52 per cent. What is the cost of debenture issue? What will be the cost in 4 years if the market value of debentures at that time is Rs.2.2 million?
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