Question : Z Ltd. purchased machinery from K Ltd. Z Ltd. paid K Ltd. as follows :
(i) By issuing 5,000 equity shares of Rs.10 each at a premium of 30%.
00 By issuing 1000, 8% Debentures of Rs. 100 each at a discount of 10%.
(iii) Balance by giving a promissory note of Rs.48,000 payable after two months.
Calculate the amount due to vendor co is or cost of machinery brought is -----
Option 1: Rs 90,000
Option 2: Rs 48,000
Option 3: Rs 2,03,000
Option 4: Rs 2,30,000
Correct Answer: Rs 2,03,000
Solution : Answer = Rs 2,03,000
Amount due to Vendor
Equity Share Capital = Rs 65,000
1. (5000 @ 10 = 50,000 + Securities Premium 15000) 65,000
2. Debentures (1,00,000-10,000) = 90,000
3. Provissory Note = 48,000
= 2,03,000 Hence, the correct option is 3.
Question :
Y Ltd., purchased plant and machinery for Rs.2,00,000 from Z Ltd. 20% of the amount was paid by Y Ltd. by accepting a bill of exchange in favour of Z Ltd. and the balance was paid by issuing 6% debentures of Rs. 1,000 each at a
Y Ltd., purchased plant and machinery for Rs.2,00,000 from Z Ltd. 20% of the amount was paid by Y Ltd. by accepting a bill of exchange in favour of Z Ltd. and the balance was paid by issuing 6% debentures of Rs. 1,000 each at a premium of
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
Question : Exe Ltd. took over assets of Rs. 7,00,000 and liabilities of Rs. 60,000 of Wye Ltd. for the purchase consideration of Rs. 6,60,000. Exe Ltd. paid the purchase consideration by issuing 9% Debentures of Rs. 100 each at 10% premium.
Numbers of
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