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.
