220 Views

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


Team Careers360 13th Jan, 2024
Answer (1)
Team Careers360 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.

Related Questions

Chandigarh University Admissi...
Apply
Ranked #1 Among all Private Indian Universities in QS Asia Rankings 2025 | Scholarships worth 210 CR
Amity University Noida MBA Ad...
Apply
Amongst top 3% universities globally (QS Rankings)
Amity University Noida B.Tech...
Apply
Among Top 30 National Universities for Engineering (NIRF 2024) | 30+ Specializations | AI Powered Learning & State-of-the-Art Facilities
Jindal Global Law School Admi...
Apply
Ranked #1 Law School in India & South Asia by QS- World University Rankings | Merit cum means scholarships | Regular Admissions Deadline: 30th Apr'25
UPES B.Tech Admissions 2025
Apply
Ranked #42 among Engineering colleges in India by NIRF | Highest CTC 50 LPA , 100% Placements | Last Date to Apply: 28th April
Amity University, Noida Law A...
Apply
700+ Campus placements at top national and global law firms, corporates, and judiciaries
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books