Question : Bose Ltd. purchased assets of  Rs. 9,90,000 from Bhagat & Co. Payment was made by issuing 11% Debentures of  Rs. 100 each. If debentures issued at 10% discount, number of debentures issued is ________.

Option 1: 9,900 debentures 

Option 2: 9,000 debentures 

Option 3: 11,000 debentures 

Option 4: 10,000 debentures

Question : Prakash Ltd. purchased assets worth Rs.2,20,000 and also took over the liabilities (creditors) of Rs.40,000 of Ajay Ltd. for a purchase consideration of Rs.1,92,000. Prakash Ltd. paid the purchase consideration by issuing 12% debentures of Rs.100 each at a premium of 20%.

Number of debentures issued

Option 1: 1,200 debentures 

Option 2: 1,600 debentures 

Option 3: 1,500 debentures 

Option 4: 1,000 debentures

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 :

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