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 : 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 

Option 1: Rs 50,000

Option 2: 5,000 debentures 

Option 3: 2,500 Debentures 

Option 4: Rs 45,000

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 

Option 1: Rs 50,000

Option 2: 5,000 debentures 

Option 3: 2,500 Debentures 

Option 4: Rs 45,000

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 debnetures issued will be 

Option 1: 6,600 debenture 

Option 2: 6,000 debentures 

Option 3: 5,000 debentures 

Option 4: 4,500 debentures