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 : Y Ltd. purchased assets of Rs. 8,00,000 and liabilities of Rs. 1.00,000 from X Ltd. on 1.4.2018. Rs. 2,00,000 were paid immediately and the balance was paid by issue of Rs. 4,75,000, 10% debentures in Y Ltd __________ account will be _______ with __________.

Option 1: Capital reserve, credited, Rs. 25,000
 

Option 2: Goodwill, debited, Rs. 75,000
 

Option 3: Rs. 4,75,000 and Securities Premium, credited, Rs. 25,000

Option 4:  Rs. 5,00,000 debentures and Securities Premium credited Rs. 25,000
 

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 :

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 : 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