Question : Y Ltd. purchased machinery for Rs.90,000. Half the amount was paid in Cash and the remaining half by the issue of 12% Debentures of Rs. 100 each at a discount of 10%.
Debentures Issued of the face value of
Option 1: Rs 50,000
Option 2: 5,000 debentures
Option 3: 2,500 Debentures
Option 4: Rs 45,000
Answer (1)
22nd Jan, 2024
Correct Answer: Rs 50,000
Solution : Answer = Rs 50,000
Machinery A/c Dr. 90,000
Discount on issue of Debentures A/c Dr. 5,000
To cash A/c 45,000
To % Debentures 50,000
(45,000/ 90 (100 - 10) = 500 Debentures
Hence, the correct option is 1.
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