Question :

Akshit Ltd. purchased machinery of from Perfect Machines Ltd. and paid as follows:

(a) Issued 10,000 Equity shares of Rs. 10 each at a premium of Rs. 3;

(b) Issued an acceptance of Rs. 1,00,000 payable after 3 months; and

(c) Balance by issuing post-dated cheque of two months of Rs. 2,00,000

Amount will be paid to Perfect Machines Ltd. is

Option 1:  Rs. 4,50,000

Option 2:  Rs. 4,30,000

Option 3: Rs. 1,00,000.

Option 4: None of these

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 premium of 25%.

Securities premium reserve credited with --------

Option 1: Rs 3,20,000

Option 2: Rs 28,000

Option 3: Rs 25,000

Option 4: None of the above 

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 premium of 25%.

Number of debentures issued is -------

Option 1: 1,280 debentures 

Option 2: 128 debentures 

Option 3: 160 debentures 

Option 4: 1,600 debentures

Question :

Dilate Ltd. issued 10,000, 6% Debentures of Rs. 100 each at a discount of Rs. 10. It will credit 6% of Debentures Account by

Option 1:

Rs. 11,00,000

Option 2:

Rs. 10,00,000

Option 3: Rs. 9,00,000

Option 4: Rs. 8,00,000

Question :

Working Capital Rs.45,000; Total Debt Rs. 1,00,000 and Long-term Debt Rs.70,000.

The value of Current liabilities are ________.

Option 1: Rs. 70,000

Option 2: Rs. 1,00,000

Option 3: Rs. 30,000

Option 4: Rs. 45,000