Question

X Ltd. purchased a building for ₹60,00,000 payable as 20% in Cash and balance by allotment of 8% debentures of ₹500 each at a premium of 20%. Number of debentures issued will be :(A) 9,600(B) 8,000(C) 12,000(D) 10,000​

Answer 1

Answer:

value of building = 6000000.

(-) paid in cash = 1200000.

balance in debenture 4800000

value for which debenture issue = 4800000

value of debenture including premium = 500+100= 600

number of debenture issue =

4800000/600

= 8000