XYZ limited has issued 20,000 debentures of Rs.100 each redeemable after 4 years of which Rs 40 needs to be paid at application stage and Rs 60 needs to be paid at allotment stage. Let’s say the public has subscribed for 30,000 debentures. How much money did the company received at the time of application?

18,00,000

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12,00,000

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30,00,000

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None of these

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Solution

The correct option is B
12,00,000

Company has received application money = Rs **12,00,000 calculated as 30,000*40** for 30,000 shares.

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XYZ limited has issued 20,000 debentures of Rs 100 each redeemable after 4 years of which Rs 40 need to be paid at application stage and Rs 60 need to be paid at allotment stage. Let’s say the public has subscribed for 30,000 debentures. If the company decides to refund the excess application money. How much money will be transferred to debenture account?

XYZ limited has issued 20,000 debentures of Rs 100 each redeemable after 4 years of which Rs 40 need to be paid at application stage and Rs 60 rupees need to be paid at allotment stage. Let’s say the public has subscribed for 30,000 debentures. If the company decides to refund the excess application money. How much money should be refunded?

XYZ Ltd has issued 20,000 debentures at Rs.100 each per debenture for a four-year term. But the public has only subscribed to 16,000 debentures. Rs.40 is collected at application stage and Rs.60 upon allotment. At application stage, the Bank A/c is debited with what amount?

XYZ Ltd has issued 20,000 debentures at Rs.100 each per debenture for a four-year term. But the public has only subscribed to 18,000 debentures. Rs.30 is collected at application stage and Rs.70 upon allotment. At allotment stage, the Bank A/c is debited with what amount?

Q. Issued debentures=20,000, Subscribed debentures=30,000 Application money=Rs.40 each
should be refunded if the company decides to refund the excess.

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The correct option is B 12,00,000 Company has received application money = Rs 12,00,000 calculated as 30,000*40 for 30,000 shares.

The correct option is B
12,00,000

Company has received application money = Rs **12,00,000 calculated as 30,000*40** for 30,000 shares.