Home
Class 12
ACCOUNTS
Sunrise Ltd purchased a building for .Rs...

Sunrise Ltd purchased a building for .Rs 5,00,000 payable as 15 % in cash and balance by allotment of 9% debentures of .Rs 100 each at a premiumof 25 % Number of debentures issued will be :

A

`4,250`

B

`4,000`

C

`5,000`

D

`3,400`

Text Solution

Verified by Experts

The correct Answer is:
D
Promotional Banner

Topper's Solved these Questions

  • Financial Statements of Not-for-Profit Organisations

    DK GOEL|Exercise Multiple Choice Questions|36 Videos

  • REDEMPTION OF DEBENTURES

    DK GOEL|Exercise MCQ|6 Videos

Similar Questions

Explore conceptually related problems

Rocky Ltd. Pruchased building for ₹ 22,00,000. Half the payment was made by cheque and the balance half by issue of 9% Debentures of ₹ 100 each at a premium of 10%. Pass necessary Journal entries.

Why Ltd. pruchased an established business for ₹ 2,00,000 payable as ₹ 65,000 by chaque and the balance by issing 9% Debentures of ₹ 100 each at a discount of 10% Give Journal entries in the books of wye Ltd.

Bright Ltd. Took over the assets of ₹ 6,60,000 and liabilities of ₹ 80,000 of star Ltd. For an agreed purchase consideration of ₹ 6,00,000 payable 10% in cash and the balance by the issue of 12 % Debentures of ₹ 100 each. Give necessary Journal entries in the books of Bright Ltd ., assuming that: Case(a): The debantures are issued at par. Case (b): The debentures are issued at 20% Premium. Case (c): The debentures are issued at 10% discount .

DK GOEL-ISSUE OF DEBENTURES-MULTIPLE CHOICE QUESTIONS
  1. A' Limited purchased the assets from 'B' Limited for .Rs 5,40,000 . 'A...

    Text Solution

    |

  2. A' Limited purchased the assets from 'B' Limited for .Rs 8,10,000. 'A'...

    Text Solution

    |

  3. Debentures of a Company can be issued :

    Text Solution

    |

  4. On issue of debentures as a collateral security, which account is cre...

    Text Solution

    |

  5. Debentures issued as collateral security will be debited to :

    Text Solution

    |

  6. When debentures of .Rs 1,00,000 are issued as Collateral Security agai...

    Text Solution

    |

  7. Interest on debentures issued as a collateral security is paid on :

    Text Solution

    |

  8. Loss on Issue of Debentures is written off :

    Text Solution

    |

  9. When debentures are to be redeemed at premium an extra entry has to be...

    Text Solution

    |

  10. Premium on Redemption of Debentures Account is :

    Text Solution

    |

  11. X Ltd. acquired assets of .Rs 20 lakhs and took over creditors of .Rs ...

    Text Solution

    |

  12. X Ltd. Purchased a building for .Rs 60,00,000 payable as 20 % in Cash...

    Text Solution

    |

  13. Sunrise Ltd purchased a building for .Rs 5,00,000 payable as 15 % in c...

    Text Solution

    |

  14. If Vendors are issued debentures of .Rs 80,000 in consideration of net...

    Text Solution

    |

  15. If Vendors are issued debentures of .Rs 4,40,000 in consideration of a...

    Text Solution

    |

  16. A Ltd. Issued 1,000, 10% debentures of .Rs 100 each at a premium of 5...

    Text Solution

    |

  17. On Ist April 2007, Sunrise Limited issued 5,000, 8 % debentures of .Rs...

    Text Solution

    |

  18. Globe Ltd. Issues 20,000, 9 % debentures of . Rs 100 each at a discou...

    Text Solution

    |

  19. Issued 5,000, 12% debentures of .Rs 100 each at a discount of 2 %, red...

    Text Solution

    |

  20. Issued 4,000 , 12% debentures of .Rs 100 each at a premium of 4%, rede...

    Text Solution

    |