Neel Kamal Ltd. issued 16,000, 10% Debentures of Rs. 100 each at 10% discount redeemable at par. What amount shall be received at the time of issue ?

None of these

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Rs 15,00,000

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Rs 14,40,000

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Rs 16,00,000

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Solution

The correct option is C
Rs 14,40,000

Debentures value = 16,000 * 100 = Rs. 16,00,000
Discount = 10% of Rs 16,00,000 = Rs. 1,60,000
Amount to be received at the time of issue = Rs 16,00,000 - Rs 1,60,000 = Rs 14,40,000.

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Neel Kamal Ltd. issued 16,000, 10% Debentures of Rs. 100 each at 10% discount redeemable at par. What amount shall be received at the time of issue ?

The correct option is C Rs 14,40,000 Debentures value = 16,000 * 100 = Rs. 16,00,000 Discount = 10% of Rs 16,00,000 = Rs. 1,60,000 Amount to be received at the time of issue = Rs 16,00,000 - Rs 1,60,000 = Rs 14,40,000.

The correct option is C
Rs 14,40,000

Debentures value = 16,000 * 100 = Rs. 16,00,000
Discount = 10% of Rs 16,00,000 = Rs. 1,60,000
Amount to be received at the time of issue = Rs 16,00,000 - Rs 1,60,000 = Rs 14,40,000.