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Analyse the case given below and answer the questions that follow :
Nikhil Technologies Ltd. issued 5,000; 9% Debentures of ₹100 each at a premium of ₹20 payable as follows:
(i) ₹40 including premium of ₹10 on application
(ii) ₹40 including premium of ₹10 on allotment
(iii) Balance as first and final call.
Applications were received for 5,000 debentures and allotment was made to all the applicants. All the calls were made, and amounts received.
Q. What is the total interest payable on the debentures issued?
- a)₹1,20,000
- b)₹45,000
- c)₹18,000
- d)₹54,000
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
Analyse the case given below and answer the questions that follow :Ni...
₹50,000 x 9 / 100 = ₹45,000
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Most Upvoted Answer
Analyse the case given below and answer the questions that follow :Ni...
Total interest payable on the debentures issued can be calculated by multiplying the number of debentures issued with the interest rate and the face value of each debenture.
Given that Nikhil Technologies Ltd. issued 5,000 debentures of ₹100 each at a premium of ₹20, the face value of each debenture is ₹100 and the premium is ₹20.
The interest rate on the debentures is given as 9%. Therefore, the total interest payable on the debentures can be calculated as follows:
Total interest payable = Number of debentures issued * Interest rate * Face value
Total interest payable = 5,000 * 9/100 * ₹100
Total interest payable = ₹45,000
Therefore, the total interest payable on the debentures issued is ₹45,000.
In this case, the correct answer is option 'B' - ₹45,000.
Explanation:
The total interest payable on the debentures issued is calculated by multiplying the number of debentures issued (5,000) with the interest rate (9%) and the face value of each debenture (₹100). This calculation gives the total interest payable of ₹45,000.
It is important to note that the premium amount is not included in the calculation of total interest payable. The premium is an additional amount paid by the debenture holders over and above the face value of the debentures.
In this case, the premium is ₹20 per debenture. The premium amount is payable by the debenture holders on application and allotment. However, the premium amount is not considered while calculating the interest payable.
Therefore, the total interest payable on the debentures issued is ₹45,000.
Given that Nikhil Technologies Ltd. issued 5,000 debentures of ₹100 each at a premium of ₹20, the face value of each debenture is ₹100 and the premium is ₹20.
The interest rate on the debentures is given as 9%. Therefore, the total interest payable on the debentures can be calculated as follows:
Total interest payable = Number of debentures issued * Interest rate * Face value
Total interest payable = 5,000 * 9/100 * ₹100
Total interest payable = ₹45,000
Therefore, the total interest payable on the debentures issued is ₹45,000.
In this case, the correct answer is option 'B' - ₹45,000.
Explanation:
The total interest payable on the debentures issued is calculated by multiplying the number of debentures issued (5,000) with the interest rate (9%) and the face value of each debenture (₹100). This calculation gives the total interest payable of ₹45,000.
It is important to note that the premium amount is not included in the calculation of total interest payable. The premium is an additional amount paid by the debenture holders over and above the face value of the debentures.
In this case, the premium is ₹20 per debenture. The premium amount is payable by the debenture holders on application and allotment. However, the premium amount is not considered while calculating the interest payable.
Therefore, the total interest payable on the debentures issued is ₹45,000.
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Analyse the case given below and answer the questions that follow :Nikhil Technologies Ltd. issued 5,000; 9% Debentures of ₹100 each at a premium of ₹20 payable as follows:(i) ₹40 including premium of ₹10 on application(ii) ₹40 including premium of ₹10 on allotment(iii) Balance as first and final call.Applications were received for 5,000 debentures and allotment was made to all the applicants. All the calls were made, and amounts received.Q. What is the total interest payable on the debentures issued?a)₹1,20,000b)₹45,000c)₹18,000d)₹54,000Correct answer is option 'B'. Can you explain this answer?
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Analyse the case given below and answer the questions that follow :Nikhil Technologies Ltd. issued 5,000; 9% Debentures of ₹100 each at a premium of ₹20 payable as follows:(i) ₹40 including premium of ₹10 on application(ii) ₹40 including premium of ₹10 on allotment(iii) Balance as first and final call.Applications were received for 5,000 debentures and allotment was made to all the applicants. All the calls were made, and amounts received.Q. What is the total interest payable on the debentures issued?a)₹1,20,000b)₹45,000c)₹18,000d)₹54,000Correct answer is option 'B'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Analyse the case given below and answer the questions that follow :Nikhil Technologies Ltd. issued 5,000; 9% Debentures of ₹100 each at a premium of ₹20 payable as follows:(i) ₹40 including premium of ₹10 on application(ii) ₹40 including premium of ₹10 on allotment(iii) Balance as first and final call.Applications were received for 5,000 debentures and allotment was made to all the applicants. All the calls were made, and amounts received.Q. What is the total interest payable on the debentures issued?a)₹1,20,000b)₹45,000c)₹18,000d)₹54,000Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Analyse the case given below and answer the questions that follow :Nikhil Technologies Ltd. issued 5,000; 9% Debentures of ₹100 each at a premium of ₹20 payable as follows:(i) ₹40 including premium of ₹10 on application(ii) ₹40 including premium of ₹10 on allotment(iii) Balance as first and final call.Applications were received for 5,000 debentures and allotment was made to all the applicants. All the calls were made, and amounts received.Q. What is the total interest payable on the debentures issued?a)₹1,20,000b)₹45,000c)₹18,000d)₹54,000Correct answer is option 'B'. Can you explain this answer?.
Analyse the case given below and answer the questions that follow :Nikhil Technologies Ltd. issued 5,000; 9% Debentures of ₹100 each at a premium of ₹20 payable as follows:(i) ₹40 including premium of ₹10 on application(ii) ₹40 including premium of ₹10 on allotment(iii) Balance as first and final call.Applications were received for 5,000 debentures and allotment was made to all the applicants. All the calls were made, and amounts received.Q. What is the total interest payable on the debentures issued?a)₹1,20,000b)₹45,000c)₹18,000d)₹54,000Correct answer is option 'B'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Analyse the case given below and answer the questions that follow :Nikhil Technologies Ltd. issued 5,000; 9% Debentures of ₹100 each at a premium of ₹20 payable as follows:(i) ₹40 including premium of ₹10 on application(ii) ₹40 including premium of ₹10 on allotment(iii) Balance as first and final call.Applications were received for 5,000 debentures and allotment was made to all the applicants. All the calls were made, and amounts received.Q. What is the total interest payable on the debentures issued?a)₹1,20,000b)₹45,000c)₹18,000d)₹54,000Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Analyse the case given below and answer the questions that follow :Nikhil Technologies Ltd. issued 5,000; 9% Debentures of ₹100 each at a premium of ₹20 payable as follows:(i) ₹40 including premium of ₹10 on application(ii) ₹40 including premium of ₹10 on allotment(iii) Balance as first and final call.Applications were received for 5,000 debentures and allotment was made to all the applicants. All the calls were made, and amounts received.Q. What is the total interest payable on the debentures issued?a)₹1,20,000b)₹45,000c)₹18,000d)₹54,000Correct answer is option 'B'. Can you explain this answer?.
Solutions for Analyse the case given below and answer the questions that follow :Nikhil Technologies Ltd. issued 5,000; 9% Debentures of ₹100 each at a premium of ₹20 payable as follows:(i) ₹40 including premium of ₹10 on application(ii) ₹40 including premium of ₹10 on allotment(iii) Balance as first and final call.Applications were received for 5,000 debentures and allotment was made to all the applicants. All the calls were made, and amounts received.Q. What is the total interest payable on the debentures issued?a)₹1,20,000b)₹45,000c)₹18,000d)₹54,000Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce.
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Analyse the case given below and answer the questions that follow :Nikhil Technologies Ltd. issued 5,000; 9% Debentures of ₹100 each at a premium of ₹20 payable as follows:(i) ₹40 including premium of ₹10 on application(ii) ₹40 including premium of ₹10 on allotment(iii) Balance as first and final call.Applications were received for 5,000 debentures and allotment was made to all the applicants. All the calls were made, and amounts received.Q. What is the total interest payable on the debentures issued?a)₹1,20,000b)₹45,000c)₹18,000d)₹54,000Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Analyse the case given below and answer the questions that follow :Nikhil Technologies Ltd. issued 5,000; 9% Debentures of ₹100 each at a premium of ₹20 payable as follows:(i) ₹40 including premium of ₹10 on application(ii) ₹40 including premium of ₹10 on allotment(iii) Balance as first and final call.Applications were received for 5,000 debentures and allotment was made to all the applicants. All the calls were made, and amounts received.Q. What is the total interest payable on the debentures issued?a)₹1,20,000b)₹45,000c)₹18,000d)₹54,000Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Analyse the case given below and answer the questions that follow :Nikhil Technologies Ltd. issued 5,000; 9% Debentures of ₹100 each at a premium of ₹20 payable as follows:(i) ₹40 including premium of ₹10 on application(ii) ₹40 including premium of ₹10 on allotment(iii) Balance as first and final call.Applications were received for 5,000 debentures and allotment was made to all the applicants. All the calls were made, and amounts received.Q. What is the total interest payable on the debentures issued?a)₹1,20,000b)₹45,000c)₹18,000d)₹54,000Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Analyse the case given below and answer the questions that follow :Nikhil Technologies Ltd. issued 5,000; 9% Debentures of ₹100 each at a premium of ₹20 payable as follows:(i) ₹40 including premium of ₹10 on application(ii) ₹40 including premium of ₹10 on allotment(iii) Balance as first and final call.Applications were received for 5,000 debentures and allotment was made to all the applicants. All the calls were made, and amounts received.Q. What is the total interest payable on the debentures issued?a)₹1,20,000b)₹45,000c)₹18,000d)₹54,000Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice Commerce tests.
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