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

Rs. 17,00,000

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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. The amount of shall be received at the time of issue.

The correct option is C Rs. 14,40,000Debentures 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.