Voltas company bought machinery from B company for Rs. 10,00,000. It paid Rs. 1,18,000 by cheque and the balance by issuing 10% Debentures of Rs. 100 each at 2% discount. The number of debentures issued are ___

None of these

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3000

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2000

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9000

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Solution

The correct option is D
9000

Discount amount = 2% of 100 = 2
Balance amount of debentures to be issued
= (10,00,000 - 1,18,000)
= 8,82,000

No. of Debentures Issued
= 8,82,000 / (100 -2 )
= 8,82,000 / 98
= 9,000 Debentures

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Voltas company bought machinery from B company for Rs. 10,00,000. It paid Rs. 1,18,000 by cheque and the balance by issuing 10% Debentures of Rs. 100 each at 2% discount. The number of debentures issued are ___

The correct option is D 9000 Discount amount = 2% of 100 = 2 Balance amount of debentures to be issued = (10,00,000 - 1,18,000) = 8,82,000 No. of Debentures Issued = 8,82,000 / (100 -2 ) = 8,82,000 / 98 = 9,000 Debentures

The correct option is D
9000

Discount amount = 2% of 100 = 2
Balance amount of debentures to be issued
= (10,00,000 - 1,18,000)
= 8,82,000

No. of Debentures Issued
= 8,82,000 / (100 -2 )
= 8,82,000 / 98
= 9,000 Debentures