G Ltd. purchased fixed asset of Rs. 2,00,000. The consideration was paid by issue of 12% Debenture of Rs. 100 each at discount of 20%. The Debenture A/ c to be credited with _______.

Rs. 1,60,000

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Rs. 2,40,000

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Rs. 2,50,000

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Rs. 2,60,000

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Solution

The correct option is C Rs. 2,50,000
Here, to purchase assets of Rs 2,00,000, 12% debentures were issued at Rs 100 each with discount of 20% i.e. Rs 80 that means number of shares issued is 2,00,000/80 i.e. 2,500. This means the Debenture A/ c will be credited with 2500*Rs 100 i.e. Rs 2,50,000.

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G Ltd. purchased fixed asset of Rs. 2,00,000. The consideration was paid by issue of 12% Debenture of Rs. 100 each at discount of 20%. The Debenture A/ c to be credited with _______.

The correct option is C Rs. 2,50,000Here, to purchase assets of Rs 2,00,000, 12% debentures were issued at Rs 100 each with discount of 20% i.e. Rs 80 that means number of shares issued is 2,00,000/80 i.e. 2,500. This means the Debenture A/ c will be credited with 2500*Rs 100 i.e. Rs 2,50,000.

The correct option is C Rs. 2,50,000
Here, to purchase assets of Rs 2,00,000, 12% debentures were issued at Rs 100 each with discount of 20% i.e. Rs 80 that means number of shares issued is 2,00,000/80 i.e. 2,500. This means the Debenture A/ c will be credited with 2500*Rs 100 i.e. Rs 2,50,000.