Question : Mk  Ltd. purchased machinery for Rs.3,50,000 from K Ltd. on 28.2.2018. Rs.50,000 were paid to S K Ltd. immediately and the balance was paid by issue of 10% debentures of Rs.3,10,000 in Mk Ltd. Then the balance of Rs.10,000 will be transferred to 

Option 1: Goodwill account 

Option 2: Capital reserve account 

Option 3: Discount on issue of Debentures account 
 

Option 4: Securities premium account
 

Question : Mk  Ltd. purchased machinery for Rs.3,50,000 from K Ltd. on 28.2.2018. Rs.50,000 were paid to S K Ltd. immediately and the balance was paid by issue of 10% debentures of Rs.3,10,000 in Mk Ltd. Then the balance of Rs.10,000 will be transferred to 

Question : Y Ltd. purchased assets of Rs. 8,00,000 and liabilities of Rs. 1.00,000 from X Ltd. on 1.4.2018. Rs. 2,00,000 were paid immediately and the balance was paid by issue of Rs. 4,75,000, 10% debentures in Y Ltd __________ account will be _______ with __________.

Question : Home Products Ltd. issued on 1st April, 2019, 10,000, 9% Debentures of Rs. 100 each at a premium of 10% redeemable at a premium of 5% after 5 years. Issue price was payable along with application.
Which of the following statements is correct?

Question : Home Products Ltd. issued on 1st April, 2019, 10,000, 9% Debentures of Rs. 100 each at a premium of 10% redeemable at a premium of 5% after 5 years. Issue price was payable along with application.
Which of the following statements is correct?

Question :

Citizen Ltd. issued 10,000, 6% Debentures of  Rs. 100 each at a discount of 10% redeemable at 10% premium. It has Securities Premium Reserve of  Rs. 1,75,000. Loss on Issue of Debentures  Rs. 2,00,000 will be written off by